Welcome to our dedicated page for Federated Hermes news (Ticker: FHI), a resource for investors and traders seeking the latest updates and insights on Federated Hermes stock.
Federated Hermes, Inc. (NYSE: FHI) is a global active investment manager in the finance and insurance sector, with a focus on delivering equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies. Company press releases and SEC filings show that Federated Hermes regularly communicates with investors about its assets under management, product lineup and organizational developments.
The FHI news feed features earnings announcements, including detailed quarterly and year-to-date financial results, revenue by asset type, operating expenses and net income. These releases also discuss trends in assets under management, such as record levels in money market and fixed-income assets, and provide information on dividends declared by the board of directors.
Investors following FHI news will also see corporate and strategic updates, such as the definitive agreement to acquire a majority interest in FCP Fund Manager, L.P., a U.S. real estate investment manager. This type of news highlights how Federated Hermes is expanding its private markets and real estate capabilities, complementing its existing businesses in private equity, private credit, infrastructure, real estate and market neutral strategies.
Another recurring theme in Federated Hermes news is leadership and succession planning. The company has announced portfolio manager retirements, promotions within its fixed-income and municipal bond groups, and changes in executive leadership at its advisory subsidiaries and distribution arm. These updates describe how responsibilities are transitioning among experienced investment professionals and executives.
In addition, the news stream includes information on fund-specific developments, such as regular dividend declarations for the Federated Hermes Premier Municipal Income Fund (NYSE: FMN), a fund that seeks to provide dividend income exempt from regular federal income tax and the federal alternative minimum tax. By reviewing FHI news, readers can monitor how Federated Hermes manages its product range, reports financial performance and executes its strategic plans over time.
Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced a dividend declaration of $0.0385 per share, with no change from the previous month. The record date for the dividend is set for April 21, 2023, while the ex-dividend date falls on April 20, 2023. Investors can expect payment on May 2, 2023. This fund focuses on delivering current dividend income that is exempt from regular federal income tax and alternative minimum tax (AMT). As of December 31, 2022, Federated Hermes managed $668.9 billion in assets, serving over 11,000 institutions globally.
Federated Hermes, Inc. (NYSE: FHI) will report its financial results for the quarter ended March 31, 2023, after market close on April 27, 2023. A conference call is scheduled at 9 a.m. Eastern on April 28, 2023, hosted by CEO J. Christopher Donahue and CFO Thomas R. Donahue. Shareholders can attend the Annual Shareholder Meeting by teleconference the same day at 4 p.m. Eastern. Federated Hermes reported $668.9 billion in assets under management as of December 31, 2022, offering a range of investment solutions to over 11,000 institutions globally.
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The Federated Hermes Premier Municipal Income Fund (NYSE: FMN) announced a dividend of $0.0385 per share, payable on April 3, 2023. The record date is March 23, 2023, and the ex-dividend date is March 22, 2023. This tax-free dividend income is exempt from regular federal income tax and the alternative minimum tax (AMT). The recent increase is attributed to Federal Reserve rate hikes affecting leverage costs more than portfolio income. As of December 31, 2022, Federated Hermes managed $668.9 billion in assets, providing diverse investment solutions globally.
Federated Hermes, Inc. (NYSE: FHI), a leader in active, responsible investing, announced that its President and CEO, J. Christopher Donahue, will participate in a moderated discussion at the 2023 RBC Capital Markets Global Financials Conference on March 7, 2023, at approximately 2 p.m. Eastern Time. Interested investors can access the live webcast on FederatedInvestors.com, with a replay available for seven days. As of December 31, 2022, the firm manages $668.9 billion in assets, serving over 11,000 institutions globally.
Federated Hermes, Inc. (NYSE: FHI) filed its annual report on Form 10-K with the U.S. Securities and Exchange Commission for the fiscal year ending December 31, 2022. As of year-end 2022, the firm managed $668.9 billion in assets. The company offers a diverse range of investment solutions, including equity, fixed-income, and alternative strategies, serving over 11,000 institutions and intermediaries globally. Headquartered in Pittsburgh, Federated Hermes employs nearly 2,000 staff across multiple locations, including London and New York. Annual report documents are available on their website and through EDGAR.
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Federated Hermes Premier Municipal Income Fund (NYSE: FMN) has declared a dividend of $0.041 per share. This dividend is exempt from regular federal income tax and the federal alternative minimum tax (AMT). Key dates include the record date on February 23, 2023, the ex-dividend date on February 22, 2023, and the payable date on March 1, 2023. Federated Hermes, Inc. (NYSE: FHI) manages $668.9 billion in assets as of December 31, 2022, offering diverse investment solutions globally.
Federated Hermes, Inc. (NYSE: FHI) reported Q4 2022 earnings per diluted share of $0.63, down from $0.71 in Q4 2021. Full-year EPS for 2022 was $2.65, compared to $2.75 in 2021. The results included a $31.5 million non-cash impairment charge, affecting Q4 EPS by ($0.27). Total assets under management reached a record $668.9 billion, a 7% increase from Q3 2022. A quarterly dividend of $0.27 per share was declared, payable on Feb. 15, 2023. Operating expenses rose by 33% to $77.1 million, while revenue increased by 16% to $52.3 million, despite decreases in equity and fixed-income assets.