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

Invesco Ltd. (NYSE:IVZ) declared a quarterly dividend on Tuesday, January 28th,RTT News reports. Shareholders 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 yield of 4.62%.

Invesco has raised its dividend payment by an average of 7.0% per year over the last three years. Invesco has a payout ratio of 39.4% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Up 0.8 %

NYSE IVZ opened at $17.77 on Tuesday. The stock has a 50 day moving average price of $17.60 and a 200-day moving average price of $17.25. Invesco has a one year low of $14.16 and a one year high of $18.94. The company has a current ratio of 4.91, a quick ratio of 4.91 and a debt-to-equity ratio of 0.66.

Invesco (NYSE:IVZ) last released its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 EPS for the quarter, beating the consensus estimate of $0.51 by $0.01. Invesco had a negative net margin of 3.00% and a positive return on equity of 8.83%. On average, equities analysts forecast that Invesco will post 1.7 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on IVZ shares. UBS Group boosted their price objective on Invesco from $17.50 to $19.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price target on Invesco from $17.00 to $20.00 and gave the company a “neutral” rating in a report on Monday, October 21st. Evercore ISI lifted their price objective on shares of Invesco from $19.00 to $20.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Royal Bank of Canada reissued a “sector perform” rating and issued a $19.00 target price on shares of Invesco in a research note on Thursday, January 23rd. Finally, The Goldman Sachs Group lowered their target price on shares of Invesco from $19.25 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 7th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $18.71.

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.