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.

TRADEMARK VIOLATION WARNING: This article was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this article on another domain, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this article can be viewed at https://theolympiareport.com/2018/02/13/invesco-ltd-ivz-plans-0-29-quarterly-dividend.html.

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)

Receive News & Ratings for Invesco Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invesco and related companies with MarketBeat.com's FREE daily email newsletter.