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Subsequent Events
12 Months Ended
Dec. 31, 2018
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events
On January 15, 2019, a British Pound Sterling denominated majority-owned subsidiary of Federated entered into a foreign currency forward transaction with a face amount of £15.0 million and an expiration date of December 2019 in order to hedge against foreign exchange rate fluctuations in the U.S. Dollar.
On January 24, 2019, the board of directors declared a $0.27 per share dividend. The dividend was payable to shareholders of record as of February 8, 2019, resulting in $27.2 million being paid on February 15, 2019.