Federated Hermes, Inc. (FHI) to Distribute Quarterly Dividend of $0.38 on November 13th

Federated Hermes, Inc. (NYSE:FHI) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 6th will be paid a dividend of $0.38 per share on Friday, November 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Friday, November 6th.

Federated Hermes has decreased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 4 consecutive years. Federated Hermes has a payout ratio of 34.6% meaning its dividend is sufficiently covered by earnings. Analysts expect Federated Hermes to earn $5.84 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 26.0%.

Federated Hermes Stock Down 0.5%

Shares of Federated Hermes stock opened at $62.22 on Wednesday. Federated Hermes has a 1 year low of $47.30 and a 1 year high of $67.20. The company has a market cap of $4.65 billion, a P/E ratio of 11.29, a P/E/G ratio of 1.64 and a beta of 0.67. The company has a current ratio of 2.48, a quick ratio of 1.89 and a debt-to-equity ratio of 0.27. The stock has a 50-day moving average price of $58.54 and a 200 day moving average price of $57.48.

Federated Hermes (NYSE:FHI) last released its earnings results on Thursday, October 29th. The company reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.08. The company had revenue of $507.33 million for the quarter, compared to analysts’ expectations of $504.91 million. Federated Hermes had a return on equity of 33.94% and a net margin of 21.28%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.34 EPS. As a group, analysts expect that Federated Hermes will post 5.55 EPS for the current fiscal year.

About Federated Hermes

Federated Hermes, Inc is a global investment management company that provides asset management services to individuals, financial intermediaries, corporations, governments and other institutions. The company manages a range of investment strategies, including equity, fixed-income, money market, multi-asset, alternative and liquidity management products.

Its offerings are distributed through mutual funds, exchange-traded funds, separately managed accounts, collective investment trusts and institutional mandates.