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

Invesco Ltd. (NYSE:IVZ) announced a quarterly dividend on Tuesday, January 28th,RTT News reports. Investors 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 dividend on an annualized basis 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. 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 Trading Up 0.8 %

NYSE IVZ opened at $17.77 on Tuesday. Invesco has a one year low of $14.16 and a one year high of $18.94. The company has a debt-to-equity ratio of 0.66, a current ratio of 4.91 and a quick ratio of 4.91. The company’s 50-day simple moving average is $17.60 and its two-hundred day simple moving average is $17.25.

Invesco (NYSE:IVZ) last issued its quarterly earnings data on Tuesday, January 28th. The asset manager reported $0.52 earnings per share (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%. Analysts forecast that Invesco will post 1.7 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on IVZ shares. StockNews.com raised Invesco from a “sell” rating to a “hold” rating in a research report on Friday, October 18th. Morgan Stanley boosted their target price on shares of Invesco from $18.00 to $19.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Barclays lowered their price target on shares of Invesco from $19.00 to $18.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Keefe, Bruyette & Woods reduced their price objective on shares of Invesco from $19.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday, December 20th. Finally, Evercore ISI raised their target price on shares of Invesco from $19.00 to $20.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $18.71.

Invesco Company Profile

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.