On April 27, 2023, Federated Hermes' board of directors declared a dividend of $0.28 per share, a 4% increase from Q4 2022. The dividend is payable on May 15, 2023 to shareholders of record as of May 8, 2023. The dividend yield for FHI is 2.55% at a stock price of $41.33. It's the first dividend hike since 2018 by Federated Hermes.

Federated Hermes, Inc. is a global leader in active, responsible investment management, with $701.0 billion in assets under management. We deliver investment solutions that help investors target a broad range of outcomes and provide equity, fixed-income, alternative/private markets, multi-asset and liquidity management strategies to more than 11,000 institutions and intermediaries worldwide. Our clients include corporations, government entities, insurance companies, foundations and endowments, banks and broker/dealers. Headquartered in Pittsburgh, Federated Hermes has more than 2,000 employees in London, New York and offices worldwide.