Ex-dividend reminder: Federated Hermes, Pinnacle Financial Partners and First Foundation

Llooking at the universe of stocks we cover at Dividend channel, on 5/5/22, Federated Hermes Inc (Symbol: FHI), Pinnacle Financial Partners Inc (Symbol: PNFP) and First Foundation Inc (Symbol: FFWM) will all exchange ex-dividend for their respective next dividends. Federated Hermes Inc will pay its quarterly dividend of $0.27 on 05/13/22, Pinnacle Financial Partners Inc will pay its quarterly dividend of $0.22 on 05/27/22 and First Foundation Inc will pay its quarterly dividend of 0.11 $ on 05/16/22. As a percentage of FHI’s recent stock price of $28.44, that dividend equates to about 0.95%, so look for Federated Hermes Inc shares to trade 0.95% lower – all else being equal – when FHI shares open for trading on 5/5/22. Similarly, investors should expect PNFP to open 0.28% lower and FFWM to open 0.49% lower, all things being equal otherwise.

Below are historical dividend charts for FHI, PNFP and FFWM, showing historical dividends prior to the most recent declared.

Federated Hermes Inc (Symbol: FHI):

Pinnacle Financial Partners Inc (Symbol: PNFP):

PNFP+Dividend+Historical+Chart

First Foundation Inc (Symbol: FFWM):

FFWM+Dividend+Historical+Chart

In general, dividends are not always predictable, following the ups and downs of corporate earnings over time. Therefore, a good first due diligence step in forming an annual return expectation in the future is to review the above history, for a sense of stability over time. This can help judge whether these companies’ most recent dividends are likely to continue. If they continue, current estimated returns on an annualized basis would be 3.80% for Federated Hermes Inc, 1.12% for Pinnacle Financial Partners Inc and 1.97% for First Foundation Inc.

In Tuesday’s trading, shares of Federated Hermes Inc are currently up about 0.2%, shares of Pinnacle Financial Partners Inc are up about 0.5%, and shares of First Foundation Inc are up. up around 0.2% on the day.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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