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

Invesco Ltd. (NYSE:IVZ) announced a quarterly dividend on Tuesday, April 23rd, RTT News reports. Investors of record on Tuesday, May 14th will be given a dividend of 0.205 per share by the asset manager on Tuesday, June 4th. This represents a $0.82 annualized dividend and a yield of 5.26%. The ex-dividend date is Monday, May 13th. This is a positive change from Invesco’s previous quarterly dividend of $0.20.

Invesco has increased its dividend payment by an average of 0.5% annually over the last three years and has raised its dividend annually for the last 3 consecutive years. Invesco has a dividend payout ratio of 41.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Invesco to earn $1.93 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 41.5%.

Invesco Trading Up 1.4 %

NYSE:IVZ opened at $15.59 on Tuesday. The firm’s fifty day simple moving average is $15.76 and its 200 day simple moving average 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 0.77.

Invesco (NYSE:IVZ) last announced its earnings results on Tuesday, January 23rd. The asset manager reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.07. Invesco had a negative net margin of 1.70% and a positive return on equity of 7.93%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the business posted $0.39 EPS. The company’s quarterly revenue was down 5.6% on a year-over-year basis. Equities analysts predict that Invesco will post 1.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. UBS Group dropped their target price on shares of Invesco from $18.00 to $17.00 and set a “neutral” rating on the stock in a report on Monday, January 29th. TD Cowen initiated coverage on shares of Invesco in a research note on Thursday, January 4th. They issued an “outperform” rating and a $21.00 price target on the stock. Morgan Stanley upped their price target on shares of Invesco from $16.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Keefe, Bruyette & Woods dropped their price target on shares of Invesco from $21.00 to $19.50 and set an “outperform” rating on the stock in a research note on Wednesday, January 24th. Finally, Wells Fargo & Company dropped their price target on shares of Invesco from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Wednesday, January 24th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $17.46.

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.