Federated Hermes, Inc. (FHI) To Go Ex-Dividend on May 8th

Federated Hermes, Inc. (NYSE:FHI) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Friday, May 8th will be given a dividend of 0.38 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Friday, May 8th. This is a 11.8% increase from Federated Hermes’s previous quarterly dividend of $0.34.

Federated Hermes has decreased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Federated Hermes has a dividend payout ratio of 34.6% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Federated Hermes to earn $5.69 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 26.7%.

Federated Hermes Trading Up 2.0%

NYSE FHI opened at $55.10 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.30 and a current ratio of 3.28. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 10.68, a price-to-earnings-growth ratio of 1.89 and a beta of 0.67. The company’s 50-day simple moving average is $56.62 and its two-hundred day simple moving average is $53.48. Federated Hermes has a one year low of $41.04 and a one year high of $59.05.

Federated Hermes (NYSE:FHI) last posted its earnings results on Thursday, April 30th. The company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.07. The business had revenue of $478.96 million for the quarter, compared to the consensus estimate of $475.22 million. Federated Hermes had a net margin of 21.47% and a return on equity of 33.90%. The company’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.25 EPS. Equities analysts forecast that Federated Hermes will post 5.07 EPS for the current fiscal year.

Federated Hermes Company Profile

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.