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.
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.
Receive News & Ratings for Invacare Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invacare and related companies with MarketBeat.com's FREE daily email newsletter.