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Federated Hermes Press Release Federated Hermes , Inc. reports second quarter 2021 earnings • Q2 2021 earnings per diluted share of $ 0.56 • Equity assets reach record $ 101 billion • Long - term assets reach a record $ 216 billion • Board declares $ 0.27 per share quarterly dividend ( PITTSBURGH , Pa . , July 29 , 2021 ) — Federated Hermes , Inc. ( NYSE : FHI ) , a global leader in active , responsible investing , today reported earnings per diluted share ( EPS ) of $ 0.56 for Q2 2021 , compared to $ 0.80 for the same quarter last year , on net income of $ 55.9 million for Q2 2021 , compared to $ 81.2 million for Q2 2020. Federated Hermes reported YTD 2021 earnings per diluted share of $ 1.31 , compared to $ 1.44 for the same period in 2020 , on YTD 2021 net income of $ 130.4 million , compared to $ 145.4 million for the same period in 2020. As a result of legislation enacted in the U.K. that increases the U.K. corporate income tax rate from 19 % to 25 % effective April 1 , 2023 , Federated Hermes ' Q2 2021 results include a $ 14.5 million noncash tax expense , or $ 0.11 per diluted share . Federated Hermes ' total managed assets were a record $ 645.8 billion at June 30 , 2021 , up $ 17.0 billion or 3 % from $ 628.8 billion at June 30 , 2020 and up $ 20.8 billion or 3 % from $ 625.0 billion at March 31 , 2021. Total average managed assets for Q2 2021 were $ 639.7 billion , up $ 2.8 billion or less than 1 % from $ 636.9 billion reported for Q2 2020 and up $ 21.6 billion or 3 % from $ 618.1 billion reported for Q1 2021 . " As the economy continued to reopen in the second quarter , Federated Hermes offered our global clients a range of strong- performing active , responsible investment strategies . We reached record long - term assets on new highs in equity , fixed - income and alternative / private markets , " said J. Christopher Donahue , president and chief executive officer . " Fixed - income investors also positioned themselves for what may be the first sustained rising - rate environment in decades , and ultrashort and multisector products were among those that led net sales . ་ ་ Federated Hermes ' board of directors declared a dividend of $ 0.27 per share . The dividend is payable on Aug. 13 , 2021 to shareholders of record as of Aug. 6 , 2021. During Q2 2021 , Federated Hermes purchased 993,100 shares of Federated Hermes class B common stock for $ 31.8 million . Equity assets were a record $ 100.5 billion at June 30 , 2021 , up $ 23.6 billion or 31 % from $ 76.9 billion at June 30 , 2020 and up $ 4.3 billion or 4 % from $ 96.2 billion at March 31 , 2021. Top - selling equity funds during Q2 2021 on a net basis were Federated Hermes SDG Engagement Equity Fund ( UCITS ) , Federated Hermes Asia ex - Japan Equity Fund , Federated Hermes Global Equity ESG Fund , Federated Hermes Global Emerging Markets Equity Fund and Federated Hermes Global Emerging Markets SMID Equity Fund . Fixed - income assets were a record $ 90.8 billion at June 30 , 2021 , up $ 17.7 billion or 24 % from $ 73.1 billion at June 30 , 2020 and up $ 4.3 billion or 5 % from $ 86.5 billion at March 31 , 2021. Top - selling fixed - income funds during Q2 2021 on a net basis were Federated Hermes Ultrashort Bond Fund , Federated Hermes Institutional Fixed Income Fund , Federated Hermes Total Return Bond Fund , Federated Hermes SDG Engagement High Yield Credit Fund ( UCITS ) and Federated Hermes Strategic Income Fund . MEDIA : MEDIA : ANALYSTS : Ed Costello 412-288-7538 Meghan McAndrew 412-288-8103 Ray Hanley 412-288-1920