Federated Hermes Strategic Value Dividend Fund (SVAIX)
Federated Hermes Strategic Value Dividend Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Pittsburgh, PA, US. The stock last traded at $6.86, up 0.00% on the session, giving a market capitalisation of $9.06B. Its beta of 0.39 implies it has historically moved less than the broad market.
The Federated Hermes Strategic Value Dividend Fund aims to achieve its investment objective by primarily allocating capital to equity securities known for their significant dividend payouts and their prospects for sustained dividend growth. Its investment adviser employs a rigorous security selection process, emphasizing stocks that offer a compelling combination of attractive dividend yield and future dividend appreciation. This rigorous evaluation considers key fundamental criteria, including, but not limited to, a company's financial strength (balance sheet), earnings growth trajectory, and the reliability of its cash flow generation. The fund may also utilize derivative instruments, such as forward currency contracts, for the purpose of managing or hedging its exposure to currency fluctuations.
Federated Hermes Strategic Value Dividend Fund is most often compared with the following Financial Services names: