Federated Hermes, Inc. (NYSE:FHI – Get Free Report) declared a quarterly dividend on Thursday, October 29th. Stockholders of record on Friday, November 6th will be given a dividend of $0.38 per share on Friday, November 13th. This represents a $1.52 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Friday, November 6th.
Federated Hermes has decreased its dividend by an average of 0.1% annually 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% meaning its dividend is sufficiently covered by earnings. Analysts expect Federated Hermes to earn $5.82 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 26.1%.
Federated Hermes Trading Up 2.1%
Shares of NYSE:FHI opened at $57.99 on Friday. Federated Hermes has a 52-week low of $46.66 and a 52-week high of $67.20. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.89 and a current ratio of 2.59. The company has a market capitalization of $4.33 billion, a P/E ratio of 10.78, a price-to-earnings-growth ratio of 1.50 and a beta of 0.66. The company has a 50-day simple moving average of $58.70 and a 200 day simple moving average of $57.35.
Federated Hermes (NYSE:FHI – Get Free Report) last released its quarterly earnings data on Thursday, October 29th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.42 by $0.08. Federated Hermes had a return on equity of 34.03% and a net margin of 21.30%. The company had revenue of $507.33 million during the quarter, compared to analysts’ expectations of $504.91 million. During the same period last year, the firm posted $1.34 earnings per share. The business’s revenue was up 8.1% on a year-over-year basis. Sell-side analysts forecast that Federated Hermes will post 5.51 earnings per share for the current 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.
Recommended Stories
- Five stocks we like better than Federated Hermes
- Robinhood Stock Is Down Nearly 37%—So Why Is Wall Street Still So Bullish?
- 5 Stocks to Buy in November: Bargains Worth Giving Thanks For
- Phillips 66 Posts Strong Earnings But the Stock Doesn’t Care
- NXP Semiconductors Falls After Strong Earnings—Is the Sell-Off Overdone?
Receive News & Ratings for Federated Hermes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Federated Hermes and related companies with MarketBeat.com's FREE daily email newsletter.
