Invesco Ltd. (NYSE:IVZ) to Issue $0.21 Quarterly Dividend

Invesco Ltd. (NYSE:IVZ) announced a quarterly dividend on Tuesday, January 28th,RTT News reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.205 per share by the asset manager on Tuesday, March 4th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date is Friday, February 14th.

Invesco has raised its dividend payment by an average of 7.0% per year over the last three years. Invesco has a payout ratio of 39.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Invesco to earn $2.06 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 39.8%.

Invesco Price Performance

Invesco stock opened at $18.76 on Wednesday. The business’s 50-day simple moving average is $17.82 and its 200 day simple moving average is $17.43. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.49. The stock has a market cap of $8.43 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 1.06 and a beta of 1.43. Invesco has a 12-month low of $14.16 and a 12-month high of $19.55.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a net margin of 12.77% and a return on equity of 8.18%. As a group, research analysts anticipate that Invesco will post 1.85 earnings per share for the current year.

Analyst Upgrades and Downgrades

IVZ has been the subject of a number of analyst reports. Morgan Stanley lifted their target price on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Thursday, February 6th. TD Cowen decreased their price objective on Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Evercore ISI increased their target price on Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. BMO Capital Markets boosted their target price on Invesco from $19.00 to $21.00 and gave the stock a “market perform” rating in a research report on Wednesday, January 29th. Finally, UBS Group increased their price target on shares of Invesco from $17.00 to $21.00 and gave the company a “neutral” rating in a research report on Monday, February 3rd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $19.94.

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.