secwatch.observer — SEC 8-K summary
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Issuer:     FEDERATED HERMES, INC. (FHI)
CIK:        0001056288
Form:       8-K
Filed at:   2024-04-25T23:59:59+00:00
Accession:  0001056288-24-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1056288/000105628824000010/0001056288-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1056288/000105628824000010/fhi-20240425.htm
  HTML page:      https://secwatch.observer/filing/0001056288-24-000010

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer