Invacare Co. (NYSE:IVC) Announces Quarterly Dividend of $0.13

Invacare Co. (NYSE:IVC) announced a quarterly dividend on Thursday, August 29th, RTT News reports. Stockholders of record on Friday, October 11th will be given a dividend of 0.125 per share by the health services provider on Friday, October 25th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 7.96%. The ex-dividend date of this dividend is Thursday, October 10th. This is an increase from Invacare’s previous quarterly dividend of $0.01.

Invacare has a payout ratio of -3.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Invacare to earn ($0.02) per share next year, which means the company may not be able to cover its $0.05 annual dividend with an expected future payout ratio of -250.0%.

Invacare stock opened at $6.28 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.26 and a debt-to-equity ratio of 0.83. The firm has a 50-day moving average of $6.34 and a 200-day moving average of $6.17. The firm has a market cap of $214.20 million, a P/E ratio of -4.76 and a beta of 2.05. Invacare has a 1-year low of $3.05 and a 1-year high of $14.80.

Invacare (NYSE:IVC) last posted its earnings results on Monday, August 5th. The health services provider reported ($0.31) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.03). The firm had revenue of $235.90 million for the quarter, compared to analysts’ expectations of $238.32 million. Invacare had a negative return on equity of 11.26% and a negative net margin of 4.20%. The business’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.41) earnings per share. Research analysts forecast that Invacare will post -1.13 earnings per share for the current fiscal year.

A number of analysts have recently weighed in on the stock. ValuEngine upgraded shares of Invacare from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Zacks Investment Research lowered shares of Invacare from a “hold” rating to a “sell” rating in a report on Tuesday.

Invacare Company Profile

Invacare Corporation, together with its subsidiaries, designs, manufactures, distributes, and exports medical equipment for use in home health care, retail, and extended care markets worldwide. The company operates through Europe, North America/Home Medical Equipment, Institutional Products Group, and the Asia/Pacific segments.

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Dividend History for Invacare (NYSE:IVC)

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