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Press Release Federated Hermes Federated Hermes , Inc. reports first quarter 2021 earnings • Q1 2021 earnings per diluted share of $ 0.75 compared to $ 0.63 for Q1 2020 • Long - term assets reach a record $ 206 billion • Board declares $ 0.27 per share quarterly dividend ; authorizes new share repurchase program ( PITTSBURGH , Pa . , April 29 , 2021 ) — Federated Hermes , Inc. ( NYSE : FHI ) , a global leader in active , responsible investing , today reported earnings per diluted share ( EPS ) of $ 0.75 for Q1 2021 , compared to $ 0.63 for the same quarter last year , on net income of $ 74.5 million for Q1 2021 , compared to $ 64.2 million for Q1 2020 . Federated Hermes ' total managed assets were $ 625.0 billion at March 31 , 2021 , up $ 19.2 billion or 3 % from $ 605.8 billion at March 31 , 2020 and up $ 5.6 billion or 1 % from $ 619.4 billion at Dec. 31 , 2020. Total average managed assets for Q1 2021 were $ 618.1 billion , up $ 37.9 billion or 7 % from $ 580.2 billion reported for Q1 2020 and up $ 7.6 billion or 1 % from $ 610.5 billion reported for Q4 2020 . " Strong investment performance and client interest in a range of our actively managed strategies distributed in key regions around the world generated net positive fund sales in Q1 2021 and helped Federated Hermes reach a record $ 96.2 billion in equity assets under management , " said J. Christopher Donahue , president and chief executive officer . " Fixed - income assets under management were a record $ 86.5 billion at the end of the first quarter , and we experienced net sales across a range of investment objectives — from short duration to short - intermediate to high - yield strategies . " Federated Hermes ' board of directors declared a dividend of $ 0.27 per share . The dividend is payable on May 14 , 2021 to shareholders of record as of May 7 , 2021. During Q1 2021 , Federated Hermes purchased 1,505,000 shares of Federated Hermes class B common stock for $ 45.0 million . The company's board of directors also authorized a new share repurchase program , which is the firm's 13th repurchase program and which allows Federated Hermes to repurchase up to 4 million additional shares of class B common stock in the open market with no expiration date . The repurchased stock is to be held in treasury for employee share - based compensation plans , potential acquisitions and other corporate activities . The company's existing 3.5 million share repurchase program , approved in April 2020 , has effectively been completed . Equity assets were a record $ 96.2 billion at March 31 , 2021 , up $ 28.0 billion or 41 % from $ 68.2 billion at March 31 , 2020 and up $ 4.4 billion or 5 % from $ 91.8 billion at Dec. 31 , 2020. Top - selling equity funds during Q1 2021 on a net basis were Federated Hermes Global Emerging Markets Equity Fund , Federated Hermes Global Equity ESG Fund , Federated Hermes SDG Engagement Equity Fund ( UCITS ) , Federated Hermes Asia ex - Japan Equity Fund and Federated Hermes Impact Opportunities Equity Fund . Fixed - income assets were a record $ 86.5 billion at March 31 , 2021 , up $ 21.8 billion or 34 % from $ 64.7 billion at March 31 , 2020 and up $ 2.2 billion or 3 % from $ 84.3 billion at Dec. 31 , 2020. Top - selling fixed - income funds during Q1 2021 on a net basis were Federated Hermes Ultrashort Bond Fund , Federated Hermes SDG Engagement High Yield Credit Fund ( UCITS ) , Federated Hermes Total Return Bond Fund , Federated Hermes Short - Intermediate Total Return Bond Fund and Federated Hermes Short - Intermediate Municipal Fund . MEDIA : MEDIA : ANALYSTS : Ed Costello 412-288-7538 Meghan McAndrew 412-288-8103 Ray Hanley 412-288-1920