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

Invesco Ltd. (NYSE:IVZ) announced a quarterly dividend on Monday, July 27th. Shareholders of record on Friday, August 14th will be paid a dividend of 0.215 per share by the asset manager on Wednesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 2.9%. The ex-dividend date is Friday, August 14th.

Invesco has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 5 years. Invesco has a dividend payout ratio of 47.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Invesco to earn $3.19 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 27.0%.

Invesco Trading Down 2.3%

Shares of IVZ stock opened at $29.41 on Wednesday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.45 and a current ratio of 1.45. The stock has a fifty day simple moving average of $28.10 and a two-hundred day simple moving average of $26.68. The firm has a market capitalization of $13.04 billion, a PE ratio of -20.00, a PEG ratio of 0.49 and a beta of 1.62. Invesco has a 52-week low of $20.08 and a 52-week high of $31.02.

Invesco (NYSE:IVZ) last announced its quarterly earnings data on Tuesday, July 28th. The asset manager reported $0.71 EPS for the quarter, beating the consensus estimate of $0.67 by $0.04. The business had revenue of $1.33 billion for the quarter, compared to the consensus estimate of $1.32 billion. Invesco had a positive return on equity of 11.34% and a negative net margin of 6.11%.The business’s revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.36 earnings per share. On average, analysts predict that Invesco will post 2.78 EPS for the current fiscal year.

About Invesco

Invesco Ltd. is an independent global investment management firm headquartered in Atlanta, Georgia, and publicly traded on the New York Stock Exchange (NYSE: IVZ). With origins dating back to 1935, the company is dedicated to offering a wide array of investment strategies and solutions to both individual and institutional clients worldwide.

The firm’s product suite encompasses actively managed equity and fixed income funds, passive index funds, exchange-traded funds (ETFs), closed-end funds, and unit investment trusts, alongside specialized offerings such as private markets, real estate, and structured products.