Invesco Ltd. (NYSE:IVZ) Declares Quarterly Dividend of $0.21

Invesco Ltd. (NYSE:IVZ) announced a quarterly dividend on Tuesday, April 23rd, RTT News reports. Stockholders of record on Tuesday, May 14th will be paid a dividend of 0.205 per share by the asset manager on Tuesday, June 4th. This represents a $0.82 annualized dividend and a dividend yield of 5.65%. The ex-dividend date of this dividend is Monday, May 13th. This is a boost from Invesco’s previous quarterly dividend of $0.20.

Invesco has increased its dividend by an average of 0.5% per year over the last three years and has increased its dividend every year for the last 3 years. Invesco has a payout ratio of 41.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Invesco to earn $1.92 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 41.7%.

Invesco Stock Down 0.4 %

Shares of IVZ opened at $14.52 on Thursday. The business’s 50-day moving average price is $15.73 and its 200-day moving average price is $15.44. Invesco has a twelve month low of $12.48 and a twelve month high of $18.71. The company has a current ratio of 5.01, a quick ratio of 5.01 and a debt-to-equity ratio of 0.54.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, April 23rd. The asset manager reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.40 by ($0.07). The company had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.08 billion. Invesco had a positive return on equity of 7.11% and a negative net margin of 1.74%. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis. During the same quarter last year, the company posted $0.38 earnings per share. On average, analysts predict that Invesco will post 1.75 earnings per share for the current year.

Analyst Upgrades and Downgrades

IVZ has been the topic of several research analyst reports. Royal Bank of Canada upped their price objective on shares of Invesco from $14.00 to $16.00 and gave the stock a “sector perform” rating in a research report on Thursday, January 18th. StockNews.com upgraded shares of Invesco from a “sell” rating to a “hold” rating in a research report on Friday, February 23rd. BMO Capital Markets restated a “market perform” rating and issued a $17.00 price objective (down from $18.00) on shares of Invesco in a research report on Wednesday. TD Cowen reduced their price target on shares of Invesco from $21.00 to $19.50 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Wells Fargo & Company reduced their price target on shares of Invesco from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 24th. Ten analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $16.79.

Invesco Company Profile

Invesco Ltd. is a publicly owned investment manager. The firm provides its services to retail clients, institutional clients, high-net worth clients, public entities, corporations, unions, non-profit organizations, endowments, foundations, pension funds, financial institutions, and sovereign wealth funds.