Federated Investors, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2011; Declares Quarterly Dividend, Payable on Feb. 15, 2012
January 26, 2012 at 09:02 pm
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Federated Investors, Inc. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2011. For the quarter, the company reported total revenue of $216.406 million against $245.317 million a year ago. Operating income was $61.861 million against $79.032 million a year ago. Income before income taxes was $60.436 million against $77.975 million a year ago. Net income was $36.943 million or $0.36 per basic and diluted share against $46.401 million or $0.45 per basic and diluted share a year ago.
For the year, the company reported total revenue of $895.114 million against $951.943 million a year ago. Operating income was $257.455 million against $309.791 million a year ago. Income before income taxes was $246.371 million against $301.791 million a year ago. Net income was $150.906 million or $1.45 per basic and diluted share against $179.114 million or $1.73 per basic and diluted share a year ago.
The board of directors declared a quarterly dividend of $0.24 per share. The dividend is payable on Feb. 15, 2012 to shareholders of record as of Feb. 8, 2012.
Federated Hermes, Inc. is an investment management company. The Company operates through a single segment, being the investment management business. It sponsors, markets and provides investment-related services to various investment products, including sponsored investment companies and other funds (Federated Hermes Funds); and Separate Accounts, which include separately managed accounts (SMAs), institutional accounts, sub-advised funds and other managed products in both domestic and international markets. In addition, it markets and provides stewardship and real estate development services to various domestic and international companies. The Company provides investment advisory services to approximately 180 Federated Hermes Funds. It markets these funds to institutional customers and banks, broker/dealers and other financial intermediaries who use them to meet the needs of customers and/or clients, including, among others, retail investors, corporations and retirement plans.
Federated Investors, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2011; Declares Quarterly Dividend, Payable on Feb. 15, 2012
FEDERATED HERMES, INC. 
