Federated Hermes (FHI) AGM 2025 summary

Opening remarks and agenda

• Meeting opened with introductions of board members, executive team, and independent auditors.

• Acknowledgement of the passing of independent director Michael J. Farrell.

• Emphasized global, active, and responsible investment management with a focus on stewardship and sustainability.

• Outlined a strategy to deliver high-quality, actively managed investment strategies through a global network.

• Agenda included a business meeting, company comments, and a Q&A session for shareholders.

Board and executive committee updates

• Board nominated six directors to serve until the next annual meeting.

• All nominees were elected unanimously by the Voting Shares Irrevocable Trust.

• Continued focus on enhancing centers of excellence and consolidating liquidity management through strategic acquisitions and alliances.

Dividend announcements

• Board declared a dividend of $0.34 per share, a 9.7% increase over the previous quarter.

• Dividend payable on May 15th to shareholders of record on May 8th, 2025.

• Declared a Q1 2025 dividend of $0.31 per share.

• Maintained a strong dividend history with a CAGR of 11% since 1998 and total regular dividends of $21.29 per share.

• Total dividends in 2024 amounted to $2.21 per share, including a $1 special dividend.