Invesco Ltd. (NYSE:IVZ – Get Free Report) declared a quarterly dividend on Monday, October 26th. Investors of record on Friday, November 13th will be given a dividend of $0.2150 per share by the asset manager on Wednesday, December 2nd. This represents a $0.86 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Friday, November 13th.
Invesco has a dividend payout ratio of 47.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Invesco to earn $3.27 per share next year, which means the company should continue to be able to cover its $0.86 annual dividend with an expected future payout ratio of 26.3%.
Invesco Stock Down 0.3%
Shares of NYSE IVZ opened at $28.44 on Wednesday. Invesco has a 1-year low of $21.82 and a 1-year high of $33.66. The business’s fifty day moving average price is $30.75 and its two-hundred day moving average price is $28.01.
Invesco (NYSE:IVZ – Get Free Report) last posted its earnings results on Tuesday, October 27th. The asset manager reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.02). The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.38 billion. During the same quarter last year, the firm earned $0.61 EPS. The business’s revenue was up 16.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Invesco will post 2.82 EPS for the current fiscal year.
Invesco Company Profile
Invesco Ltd. (NYSE: IVZ) is a global investment management company that provides investment products and services to individual investors, financial professionals, institutions and governments. The company manages assets across a range of strategies, including equities, fixed income, multi-asset portfolios, alternatives, money market funds and cash management.
Invesco offers mutual funds, exchange-traded funds, separately managed accounts, model portfolios and institutional investment solutions.
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