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JUL 29, 2013 - Washington Business Journal

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Federated: Flat quarter and reg concerns

Federated Investors Inc.’s second-quarter profit was flat and earnings per share was one cent off Wall Street’s average estimate. The investment firm, based in downtown Pittsburgh, raised its quarterly dividend by 4 percent to 25 cents per share. During the analysts call, most of CEO J. Christopher Donahue’s remarks centered on the 700-page money market fund reform proposal issued by the SEC last month for public comment, part of which was “workable,” and part of which wasn’t. Requiring…

Tags: Federated: Flat quarter and reg concerns,  Sec Latest News