Federated Hermes, Inc.?s board of directors declared a dividend of $1.31 per share. The dividend, which will be paid from the company?s existing cash balance, is considered an ordinary dividend for tax purposes and consists of a $0.31 quarterly dividend. The quarterly dividend increased by $0.03 or 10.7%.

The dividend is payable on May 15, 2024 to the company Class A and Class B common stock shareholders of record as of May 8, 2024.