Federated Hermes: Dividend Insights
Portfolio Pulse from Benzinga Insights
Federated Hermes (NYSE:FHI) announced a quarterly dividend of 28 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning FHI stock by the end of Tuesday are eligible for the dividend, payable on February 15, 2024. The stock is expected to open 28 cents lower on the ex-dividend date.
February 02, 2024 | 2:45 pm
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Federated Hermes announces a quarterly dividend of 28 cents per share, payable on February 15, 2024, to shareholders who own the stock by the end of Tuesday. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The announcement of a dividend payout typically leads to a short-term decrease in the stock price equivalent to the dividend amount on the ex-dividend date, as the stock price adjusts to reflect the payout. Therefore, FHI is likely to experience a short-term price decrease.
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