Invesco Ltd. (NYSE:IVZ) Raises Dividend to $0.21 Per Share

Invesco Ltd. (NYSE:IVZ - Get Free Report) declared a quarterly dividend on Tuesday, April 23rd, RTT News reports. Investors 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 dividend on an annualized basis and a dividend yield of 5.62%. 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 increased its dividend annually for the last 3 consecutive years. Invesco has a payout ratio of 41.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Down 6.4 %

Shares of NYSE:IVZ traded down $0.99 during trading on Tuesday, reaching $14.59. The company's stock had a trading volume of 11,329,149 shares, compared to its average volume of 4,694,320. 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 has a 12 month low of $12.48 and a 12 month high of $18.71. The firm's 50 day simple moving average is $15.75 and its two-hundred day simple moving average is $15.45. The stock has a market capitalization of $6.55 billion, a PE ratio of -19.72, a price-to-earnings-growth ratio of 1.02 and a beta of 1.44.

Invesco (NYSE:IVZ - Get Free Report) last announced its quarterly earnings data on Tuesday, January 23rd. The asset manager reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.07. The business had revenue of $1.05 billion during the quarter, compared to the consensus estimate of $1.11 billion. Invesco had a negative net margin of 1.70% and a positive return on equity of 7.93%. The firm's quarterly revenue was down 5.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.39 earnings per share. On average, research analysts predict that Invesco will post 1.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on IVZ shares. TD Cowen started coverage on shares of Invesco in a research note on Thursday, January 4th. They issued an "outperform" rating and a $21.00 price objective for the company. Royal Bank of Canada raised their price objective on shares of Invesco from $14.00 to $16.00 and gave the stock a "sector perform" rating in a research note on Thursday, January 18th. StockNews.com raised shares of Invesco from a "sell" rating to a "hold" rating in a research report on Friday, February 23rd. Wells Fargo & Company reduced their target price 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. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Invesco from $21.00 to $19.50 and set an "outperform" rating on the stock in a report on Wednesday, January 24th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.