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

Key Points

• Invesco declared a quarterly dividend of $0.215 per share, payable December 2 to shareholders of record on November 13. The annualized dividend is $0.86 per share, yielding approximately 3.0%.
• The dividend appears well covered, with a current payout ratio of 47.5%; analysts expect next year’s earnings to support an estimated payout ratio of 26.3%.
• Invesco shares fell 0.3% to $28.44 after the company reported quarterly EPS of $0.72, slightly below the $0.74 consensus estimate, while revenue rose 16.5% year over year. Analysts maintain a consensus “Moderate Buy” rating with a $33.19 price target.

Invesco Ltd. (NYSE:IVZ - Get Free Report) declared a quarterly dividend on Tuesday, October 27th. Shareholders of record on Friday, November 13th will be paid a dividend of $0.2150 per share by the asset manager on Wednesday, December 2nd. This represents a $0.86 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Friday, November 13th.

Invesco has a dividend payout ratio of 47.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Invesco to earn $3.27 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 26.3%.

Invesco Stock Down 0.3%

Shares of IVZ stock traded down $0.09 during mid-day trading on Tuesday, hitting $28.44. 6,749,419 shares of the stock traded hands, compared to its average volume of 5,290,164. The stock has a market cap of $12.61 billion, a P/E ratio of -41.82, a P/E/G ratio of 0.45 and a beta of 1.65. The stock's fifty day moving average is $30.83 and its two-hundred day moving average is $28.00. Invesco has a 52-week low of $21.82 and a 52-week high of $33.66. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31.

Invesco (NYSE:IVZ - Get Free Report) last issued its quarterly earnings data on Tuesday, October 27th. The asset manager reported $0.72 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.74 by ($0.02). The firm had revenue of $1.38 billion during the quarter, compared to analysts' expectations of $1.38 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 16.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.61 EPS. Equities analysts predict that Invesco will post 2.82 EPS for the current year.

Wall Street Analysts Forecast Growth

IVZ has been the subject of several recent analyst reports. Barclays raised their target price on shares of Invesco from $31.00 to $32.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 29th. Keefe, Bruyette & Woods assumed coverage on Invesco in a research report on Wednesday, September 9th. They set an "outperform" rating and a $39.00 price target on the stock. Weiss Ratings reiterated a "hold (c)" rating on shares of Invesco in a report on Friday, September 25th. Royal Bank Of Canada raised their price objective on Invesco from $35.00 to $36.00 and gave the stock an "outperform" rating in a research report on Friday, October 9th. Finally, Wall Street Zen downgraded Invesco from a "buy" rating to a "hold" rating in a research note on Sunday, October 18th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and eight have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.19.

About Invesco

Invesco Ltd. NYSE: IVZ is a global investment management company that provides investment products and services to individual investors, financial professionals, institutions and governments. The company manages assets across a range of strategies, including equities, fixed income, multi-asset portfolios, alternatives, money market funds and cash management.

Invesco offers mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment solutions.

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