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Subsequent Events
6 Months Ended
Jun. 30, 2021
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
On July 29, 2021, the board of directors declared a $0.27 per share dividend to shareholders of record as of August 6, 2021 to be paid on August 13, 2021.
On July 30, 2021, Federated Hermes entered into an unsecured Fourth Amended and Restated Credit Agreement by and among Federated Hermes, certain of its subsidiaries as guarantors party thereto, a syndicate of eleven banks as Lenders party thereto, PNC Bank, National Association as administrative agent, PNC Capital Markets LLC, as sole bookrunner and joint lead arranger, Citigroup Global Markets, Inc., as joint lead arranger, Citibank, N.A. as syndication agent, and Toronto-Dominion Bank, New York Branch as documentation agent (Amended Credit Agreement). The Amended Credit Agreement amends and restates Federated Hermes' Credit Agreement, which was dated June 5, 2017 and scheduled to mature on June 5, 2022. The Amended Credit Agreement extends the maturity of the Credit Agreement to July 30, 2026, reduces the revolver limit from $375 million to $350 million and provides for an alternative reference interest rate index upon the upcoming discontinuation of LIBOR, along with certain other minor changes.