Invesco Ltd. (IVZ) to Distribute Quarterly Dividend of $0.21 on September 2nd

Invesco Ltd. (NYSE:IVZ) declared a quarterly dividend on Monday, July 27th. Stockholders of record on Friday, August 14th will be given a dividend of 0.215 per share by the asset manager on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Friday, August 14th.

Invesco has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 5 years. Invesco has a dividend payout ratio of 47.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Invesco to earn $3.22 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 26.7%.

Invesco Stock Down 1.1%

Shares of NYSE:IVZ opened at $31.38 on Wednesday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The company has a market capitalization of $13.91 billion, a P/E ratio of -46.15, a P/E/G ratio of 0.51 and a beta of 1.62. Invesco has a 52-week low of $20.48 and a 52-week high of $32.55. The stock’s fifty day simple moving average is $28.77 and its 200-day simple moving average is $26.83.

Invesco (NYSE:IVZ) last posted its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.04. The firm had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Invesco had a positive return on equity of 12.83% and a negative net margin of 0.93%.The firm’s quarterly revenue was up 20.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 EPS. As a group, equities research analysts forecast that Invesco will post 2.8 earnings per share for the current fiscal year.

Invesco Company Profile

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.