Federated Hermes, Inc. (NYSE:FHI) Announces $0.38 Quarterly Dividend

Federated Hermes, Inc. (NYSE:FHI) declared a quarterly dividend on Thursday, July 30th. Investors of record on Friday, August 7th will be paid a dividend of 0.38 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Friday, August 7th.

Federated Hermes has decreased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Federated Hermes has a dividend payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Federated Hermes to earn $5.76 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 26.4%.

Federated Hermes Stock Down 0.7%

Federated Hermes stock opened at $59.63 on Friday. The firm has a market cap of $4.53 billion, a PE ratio of 11.56, a P/E/G ratio of 1.62 and a beta of 0.65. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.73 and a current ratio of 3.28. The firm’s 50 day moving average price is $57.65 and its two-hundred day moving average price is $56.23. Federated Hermes has a twelve month low of $46.66 and a twelve month high of $61.01.

Federated Hermes (NYSE:FHI) last issued its earnings results on Thursday, July 30th. The company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.19. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. The company had revenue of $502.78 million during the quarter, compared to analyst estimates of $488.34 million. During the same quarter last year, the business posted $1.16 EPS. The company’s revenue for the quarter was up 18.3% on a year-over-year basis. On average, research analysts predict that Federated Hermes will post 5.24 EPS for the current fiscal year.

About Federated Hermes

Federated Hermes, Inc is a global investment manager that provides a range of asset management solutions to institutional and individual investors. The company offers active strategies across equity, fixed income, multi-asset, liquidity, and alternative investments. Through its suite of mutual funds, separate accounts and collective investment vehicles, Federated Hermes seeks to deliver performance-driven outcomes aligned with client objectives and risk tolerances.

In addition to traditional investment management, Federated Hermes has developed specialized capabilities in sustainability and responsible investing, integrating environmental, social and governance (ESG) research into its investment process.