Invesco Ltd. (IVZ) to Issue Quarterly Dividend of $0.21 on March 4th

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 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Friday, February 14th.

Invesco has increased its dividend by an average of 7.0% annually over the last three years. Invesco has a dividend payout ratio of 40.4% meaning 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 Trading Down 1.8 %

IVZ stock opened at $18.99 on Thursday. Invesco has a 52-week low of $14.16 and a 52-week high of $19.49. The stock’s fifty day simple moving average is $17.67 and its 200-day simple moving average is $17.28. The company has a debt-to-equity ratio of 0.66, a quick ratio of 4.91 and a current ratio of 4.91.

Invesco (NYSE:IVZ) last issued its earnings results on Tuesday, January 28th. The asset manager reported $0.52 earnings per share 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%. Equities analysts predict that Invesco will post 1.7 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on IVZ shares. TD Cowen reduced their price objective on Invesco from $20.00 to $19.00 and set a “buy” rating on the stock in a research note on Tuesday. Keefe, Bruyette & Woods restated a “market perform” rating and set a $20.00 price objective (up previously from $18.00) on shares of Invesco in a research note on Wednesday. StockNews.com upgraded Invesco from a “sell” rating to a “hold” rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft boosted 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. Finally, The Goldman Sachs Group boosted their price objective on Invesco from $19.00 to $20.75 and gave the stock a “neutral” rating in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $19.71.

About Invesco

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.