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

Invesco Ltd. (NYSE:IVZ) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.205 per share by the asset manager on Tuesday, March 4th. This represents a $0.82 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Friday, February 14th.

Invesco has increased its dividend payment by an average of 7.0% per year over the last three years. Invesco has a payout ratio of 40.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Invesco to earn $1.89 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 43.4%.

Invesco Stock Down 1.8 %

Shares of NYSE IVZ opened at $18.99 on Thursday. The stock has a fifty day moving average price of $17.67 and a two-hundred day moving average price of $17.28. The company has a quick ratio of 4.91, a current ratio of 4.91 and a debt-to-equity ratio of 0.66. Invesco has a 1 year low of $14.16 and a 1 year high of $19.49.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Invesco had a positive return on equity of 8.83% and a negative net margin of 3.00%. As a group, equities analysts forecast that Invesco will post 1.7 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on Invesco from $18.00 to $19.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Argus increased their target price on Invesco from $20.00 to $22.00 and gave the company a “buy” rating in a report on Wednesday. UBS Group increased their target price on Invesco from $17.50 to $19.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Evercore ISI increased their price objective on Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, TD Cowen cut their price objective on Invesco from $20.00 to $19.00 and set a “buy” rating for the company in a report on Tuesday. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Invesco currently has a consensus rating of “Hold” and an average price target of $19.71.

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.