Invesco (IVZ) lifts dividend by 4%.

Invesco’s (NYSE:IVZ) dividend was increased by 4%.  Its overall yield is 3.78%. The firm started paying a dividend in 1997.

Invesco Ltd. is a publicly owned global investment management company.  The investment company provides services to individual investors, public pension funds, unions, endowments, and sovereign wealth clients. The firm manages stock, bond, commodity, and balanced products. It also has  large position in the ETF, or exchange traded fund market. Invesco was founded in 1935 and is located in Atlanta, Georgia.

Invesco has maintained a three-year growth rate of dividends of 5.5 percent. Invesco currently ranks 6th in dividend yield within the large cap financial, asset management category. The quarterly dividend for the June payment will be $0.29 versus the prior year rate of $0.28 per share. Invesco is a member of our Top 100 Dividend Stocks.  (see below).

top-100

The dividend will be paid at the new higher rate on June 2, 2017, to shareholders of record at close of business on May 12, 2017. Invesco Ltd. is currently priced at $35.66. Listed in the table below are the quarterly dividend payments since 2010.

Date Quarterly Dividend
5/10/2017 0.29
2/14/2017 0.28
11/10/2016 0.28
8/16/2016 0.28
5/11/2016 0.28
2/16/2016 0.27
11/13/2015 0.27
8/18/2015 0.27
5/13/2015 0.27
2/17/2015 0.25
11/14/2014 0.25
8/19/2014 0.25
5/14/2014 0.25
2/18/2014 0.225
11/15/2013 0.225
8/19/2013 0.225
5/15/2013 0.225
2/19/2013 0.172
11/15/2012 0.173
8/20/2012 0.173
5/16/2012 0.173
2/21/2012 0.123
11/16/2011 0.123
8/18/2011 0.123
5/18/2011 0.123
2/18/2011 0.11
11/17/2010 0.11
8/19/2010 0.11
5/20/2010 0.11
2/19/2010 0.103

Analysis of Invesco is based upon our five key criteria for the Top 100 list, which include;

Category Value Score
Dividend Yield 3.23% 105
Dividend Growth (3-7 year avg) 10.6 290
Forward P/E 11.28 52
S&P Financial Rating A 44
Beta 1.40 510
Total Score 1,001
% Yield 3 Year Div. Growth Rate 7 Year Div. Growth Rate BV 2017 P/BV Ratio 10 yr P/BV Low 10 yr P/BV High 5 yr low Yield % 5 yr max Yield %
3.23% 5.5 15.7 18.35 1.67 1.0 2.2 2.03% 4.54%

Positives;

  • Invesco maintains an investment grade rating of A.
  • Invesco has paid out a dividend consecutively for the past 20 years.
  • Invesco’s dividend yield is above that of the S&P 500 Index.
  • Invesco’s current dividend yield (3.78%) is above its five-year average historical dividend yield.

Negatives;

  • Invesco maintains a beta of 1.40, higher than the average company.

 

Latest Data; 

2016 2015 2014 2013 2012
Earnings per Share 2.06 2.26 2.51 2.1 1.49
Annual Dividend 1.12 1.06 0.98 0.85 0.64
Payout Ratio 54.37% 46.90% 39.04% 40.48% 42.95%
Earnings per Share 2017 (projected) 2.35
Dividend 1.15
Payout Ratio 48.94%

Based on the firm’s investment grade rating, consistent dividend growth and elevated dividend yield, Invesco Ltd. qualifies as one of our Top 100 Dividend Stocks

 

 Invesco Ltd.. Dividend Yield Chart (Click to enlarge)
ivz

Chart Explanation:  Dividend growth stocks may be viewed undervalued when the current yield is above historical readings for the past 5 years. 

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