Federated Hermes Announces Board Elections, Stock Plan Expansion and Dividend Increase
At its annual general meeting (AGM), Federated Hermes re-elected directors including Paul Uhlman, expanded its stock incentive plan by reserving 5 million additional shares of Class B common stock, and raised the quarterly dividend to $0.38 per share from $0.34. The company also reported record Q1 total managed assets of $907 billion and made a strategic acquisition in FCP Fund Manager.
Tickers: $FHI
Topics: board_election dividend_increase stock_plan_amendment strategic_acquisition