Invesco Ltd. to Issue Quarterly Dividend of $0.31 (NYSE:IVZ)

Invesco Ltd. (NYSE:IVZ) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Investors of record on Tuesday, November 12th will be paid a dividend of 0.31 per share by the asset manager on Monday, December 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 6.87%. The ex-dividend date is Friday, November 8th.

Shares of IVZ opened at $18.04 on Thursday. Invesco has a 12 month low of $15.15 and a 12 month high of $22.18. The company has a market cap of $8.07 billion, a P/E ratio of 7.42, a PEG ratio of 0.88 and a beta of 1.54. The stock has a fifty day moving average price of $16.55 and a 200 day moving average price of $18.56. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.57 and a quick ratio of 1.57.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Wednesday, October 23rd. The asset manager reported $0.70 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.13. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.22 billion. Invesco had a return on equity of 10.60% and a net margin of 8.86%. The company’s revenue was up 27.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.66 earnings per share. As a group, research analysts anticipate that Invesco will post 2.58 earnings per share for the current year.

Several analysts have recently weighed in on the company. BMO Capital Markets cut their price objective on Invesco from $18.00 to $17.00 and set a “market perform” rating for the company in a report on Thursday, October 24th. Morgan Stanley set a $18.00 price objective on Invesco and gave the company a “hold” rating in a report on Friday, October 25th. Wells Fargo & Co upped their price objective on Invesco from $17.00 to $18.00 and gave the company a “market perform” rating in a report on Thursday, October 24th. ValuEngine upgraded Invesco from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd. Finally, Citigroup set a $16.50 price objective on Invesco and gave the company a “hold” rating in a report on Friday, October 25th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Invesco presently has an average rating of “Hold” and a consensus target price of $19.14.

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.

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Dividend History for Invesco (NYSE:IVZ)

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