Earnings ·
Federated Hermes reports Q3 EPS of $1.50 and declares $0.38 quarterly dividend
FHIFederated Hermes, Inc.
Federated Hermes reported third-quarter diluted earnings per share of $1.50, up from $1.34 in the prior-year period, on net income of $111.9 million. The company also declared a quarterly cash dividend of $0.38 per share, payable November 13 to shareholders of record as of November 6. Equity assets reached a record $110.5 billion at September 30, while total managed assets stood at $884.4 billion. Federated Hermes is an investment management firm providing equity, fixed-income and alternative strategies.