Invesco Ltd. (IVZ) to Issue Quarterly Dividend of $0.21 on December 2nd

Invesco Ltd. (NYSE:IVZ) 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 dividend yield of 3.0%. The ex-dividend date of this dividend is Friday, November 13th.

Invesco has a payout ratio of 47.5% meaning its dividend is sufficiently covered by earnings. 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 Performance

Shares of NYSE IVZ opened at $28.44 on Wednesday. Invesco has a 52-week low of $21.82 and a 52-week high of $33.66. The company’s 50 day moving average price is $30.75 and its 200-day moving average price is $28.01.

Invesco (NYSE:IVZ) last issued its quarterly earnings results on Tuesday, October 27th. The asset manager reported $0.72 earnings per share 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 analysts’ expectations of $1.38 billion. The company’s revenue for the quarter was up 16.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.61 EPS. On average, analysts predict that Invesco will post 2.82 earnings per share for the current fiscal year.

Insider Transactions at Invesco

In other news, Director Stephanie Butcher sold 45,095 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $32.28, for a total transaction of $1,455,666.60. Following the sale, the director directly owned 10,205 shares in the company, valued at $329,417.40. This represents a 81.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Andrew Tak Shing Lo sold 100,840 shares of Invesco stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $32.20, for a total value of $3,247,048.00. Following the sale, the director directly owned 812,477 shares of the company’s stock, valued at $26,161,759.40. This represents a 11.04% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 222,540 shares of company stock valued at $7,227,167. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. ANB Bank raised its position in shares of Invesco by 3.1% during the 1st quarter. ANB Bank now owns 12,324 shares of the asset manager’s stock valued at $299,000 after buying an additional 375 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in Invesco by 3.0% during the third quarter. Evergreen Capital Management LLC now owns 13,219 shares of the asset manager’s stock worth $399,000 after purchasing an additional 379 shares during the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Invesco by 2.4% in the 3rd quarter. Park Avenue Securities LLC now owns 17,126 shares of the asset manager’s stock worth $517,000 after purchasing an additional 401 shares in the last quarter. EWA LLC boosted its holdings in shares of Invesco by 3.8% in the 1st quarter. EWA LLC now owns 12,490 shares of the asset manager’s stock worth $303,000 after purchasing an additional 452 shares in the last quarter. Finally, Kera Capital Partners Inc. increased its position in shares of Invesco by 2.1% during the 1st quarter. Kera Capital Partners Inc. now owns 23,992 shares of the asset manager’s stock valued at $583,000 after purchasing an additional 484 shares during the last quarter. Hedge funds and other institutional investors own 66.09% of the company’s stock.

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.