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

Federated Hermes, Inc. (NYSE:FHI) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Friday, August 7th will be given 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 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% indicating that its dividend is sufficiently covered by earnings. 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 Performance

Shares of FHI opened at $59.63 on Friday. Federated Hermes has a one year low of $46.66 and a one year high of $61.01. The company 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 stock has a 50-day moving average of $57.65 and a 200-day moving average of $56.23. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.28 and a quick ratio of 2.73.

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