Federated Hermes, Inc. (NYSE:FHI) Plans Dividend Increase – $0.38 Per Share

Federated Hermes, Inc. (NYSE:FHI) declared a quarterly dividend on Thursday, April 30th. Shareholders of record on Friday, May 8th will be paid a dividend of 0.38 per share on Friday, May 15th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date 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 by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 4 years. Federated Hermes has a dividend payout ratio of 31.0% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Federated Hermes to earn $5.67 per share next year, which means the company should continue to be able to cover its $1.36 annual dividend with an expected future payout ratio of 24.0%.

Federated Hermes Trading Up 3.1%

Shares of FHI opened at $58.11 on Friday. The stock has a fifty day moving average price of $56.63 and a two-hundred day moving average price of $53.44. The company has a debt-to-equity ratio of 0.29, a quick ratio of 2.30 and a current ratio of 2.75. Federated Hermes has a 52-week low of $40.24 and a 52-week high of $59.05. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 11.30, a PEG ratio of 1.97 and a beta of 0.67.

Federated Hermes (NYSE:FHI) last issued its quarterly earnings data on Thursday, April 30th. The company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.20 by $0.07. Federated Hermes had a return on equity of 34.25% and a net margin of 22.40%.The firm had revenue of $478.96 million during the quarter, compared to the consensus estimate of $475.22 million. During the same quarter in the previous year, the company posted $1.25 EPS. The business’s revenue for the quarter was up 13.1% compared to the same quarter last year. Analysts predict that Federated Hermes will post 5.08 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.