Federated Hermes boosts quarterly dividend by 12%

12 articles · Updated · MarketWatch · Apr 30

The payout rises to 38 cents a share from 34 cents, or $1.52 annually, based on the asset manager's latest declaration.
At Thursday's closing price of $58.09, the new annualised dividend implies a yield of about 2.6%.
The dividend is due on 15 May to shareholders on record as of 8 May, marking the company's latest increase in cash returns.

With record profits and a dividend hike, why do analysts give the company's stock a lukewarm 'Hold' rating?

As political winds shift against ESG, can this asset manager maintain its impressive growth trajectory?