Federated Hermes Q1 EPS $0.89 (up 14% YoY); record AUM $778.7B; dividend raised 10.7% plus $1 special

FEDERATED HERMES, INC.

2024-Q1 EPS reported $0.89 revenue$396,371,000

Diluted EPS $0.89 vs. $0.78 in Q1 2023; net income $75.0M vs. $69.6M YoY.
Total AUM record $778.7B (+11% YoY); money market assets record $578.8B (+14% YoY).
Quarterly dividend increased 10.7% to $0.31; special dividend $1.00; payable May 15, 2024.
Revenue +4% YoY ($14.2M increase) driven by higher average money market assets.
Repurchased 1.08M shares for $37M in Q1; new independent director Karen L. Hanlon elected.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FEDERATED HERMES, INC. reported Q1 2024 results: EPS $0.89.

Period: Q1 2024
EPS: $0.89
Result: reported results

Exact text from the filing

Federated Hermes, Inc. reports first quarter 2024 earnings of $0.89;

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1427 earnings releases filed in the last 30 days. Browse all earnings releases →

FEDERATED HERMES, INC. filing history →

Source: SEC EDGAR

accession 0001056288-24-000010

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