---
schema_version: "secwatch.filing_event.v1"
accession: "0001056288-24-000010"
form_type: "8-K"
ticker: "FHI"
cik: "0001056288"
company_name: "FEDERATED HERMES, INC."
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T07:20:17.574154+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001056288-24-000010
- form_type: 8-K
- ticker: FHI
- cik: 0001056288
- company_name: FEDERATED HERMES, INC.
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1056288/000105628824000010/0001056288-24-000010-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1056288/000105628824000010/fhi-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001056288-24-000010
- JSON: https://secwatch.observer/filing/0001056288-24-000010.json
- Plain text: https://secwatch.observer/filing/0001056288-24-000010.txt

## Key facts
- Earnings Releases
  FEDERATED HERMES, INC. reported Q1 2024 results: EPS $0.89.
  - Period: Q1 2024
  - EPS: $0.89
  - Result: reported results
  source text: Federated Hermes, Inc. reports first quarter 2024 earnings of $0.89;
  evidence_url: https://www.sec.gov/Archives/edgar/data/1056288/000105628824000010/0001056288-24-000010-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.