Invesco Ltd. (IVZ) To Go Ex-Dividend on August 14th

Invesco Ltd. (NYSE:IVZ) declared 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 of this dividend is Friday, August 14th.

Invesco has increased its dividend payment 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 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 Stock Performance

NYSE:IVZ opened at $29.41 on Wednesday. The stock has a market cap of $13.04 billion, a P/E ratio of -20.00, a PEG ratio of 0.49 and a beta of 1.62. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 1.01. The business’s 50-day moving average price is $28.10 and its two-hundred day moving average price is $26.68. Invesco has a twelve month low of $20.08 and a twelve month high of $31.02.

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

Institutional Investors Weigh In On Invesco

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Integrated Wealth Concepts LLC purchased a new position in Invesco in the 1st quarter worth approximately $563,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Invesco by 7.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,767 shares of the asset manager’s stock worth $543,000 after purchasing an additional 2,393 shares during the last quarter. Woodline Partners LP grew its holdings in shares of Invesco by 40.2% in the first quarter. Woodline Partners LP now owns 37,850 shares of the asset manager’s stock worth $574,000 after purchasing an additional 10,859 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Invesco by 1.2% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,046,667 shares of the asset manager’s stock worth $15,878,000 after buying an additional 12,685 shares during the period. Finally, Baird Financial Group Inc. increased its stake in shares of Invesco by 6.6% in the second quarter. Baird Financial Group Inc. now owns 102,407 shares of the asset manager’s stock worth $1,615,000 after buying an additional 6,341 shares during the period. Institutional investors own 66.09% of the company’s stock.

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.