Invesco Ltd. (NYSE:IVZ) declared a quarterly dividend on Tuesday, January 30th, Zacks reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.29 per share by the asset manager on Friday, March 2nd. This represents a $1.16 annualized dividend and a yield of 3.57%. The ex-dividend date is Wednesday, February 14th.

Invesco has increased its dividend payment by an average of 5.7% annually over the last three years and has raised its dividend annually for the last 9 consecutive years. Invesco has a dividend payout ratio of 43.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Invesco to earn $3.37 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 34.4%.

Invesco (IVZ) opened at $32.52 on Tuesday. Invesco has a fifty-two week low of $29.36 and a fifty-two week high of $38.43. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.50 and a quick ratio of 1.50. The firm has a market cap of $13,205.61, a P/E ratio of 11.87, a P/E/G ratio of 0.87 and a beta of 1.74.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Wednesday, January 31st. The asset manager reported $0.73 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.03. Invesco had a net margin of 21.85% and a return on equity of 13.51%. The company had revenue of $1 billion for the quarter, compared to the consensus estimate of $982.86 million. During the same quarter in the prior year, the company earned $0.59 EPS. Invesco’s quarterly revenue was up 16.3% on a year-over-year basis. analysts expect that Invesco will post 3.09 earnings per share for the current year.

Several equities analysts recently weighed in on IVZ shares. Royal Bank of Canada set a $47.00 price target on shares of Invesco and gave the stock a “buy” rating in a report on Saturday, December 16th. Citigroup downgraded shares of Invesco from a “buy” rating to a “neutral” rating in a report on Friday, January 19th. Bank of America downgraded shares of Invesco from a “buy” rating to a “neutral” rating and set a $42.00 price target on the stock. in a report on Monday, January 8th. Zacks Investment Research downgraded shares of Invesco from a “buy” rating to a “hold” rating in a report on Monday, January 8th. Finally, ValuEngine upgraded shares of Invesco from a “hold” rating to a “buy” rating in a report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $40.21.

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About Invesco

Invesco Ltd. (Invesco) is an independent investment management company. The Company provides a range of investment capabilities and outcomes, which are delivered through a set of investment vehicles, to help clients achieve their investment objectives. It has a presence in the retail and institutional markets within the investment management industry in North America; Europe, Middle East and Africa (EMEA), and Asia-Pacific.

Dividend History for Invesco (NYSE:IVZ)

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