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Invesco's CEO Discusses Q1 2012 Results - Earnings Call Transcript

We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in our most recent Form 10-K and subsequent Forms 10-Q filed with the SEC. You may obtain these reports from the SEC website at www.sec.gov. We expressly disclaim any obligation to update the information in any public disclosure if any forward-looking statement later turns out to be inaccurate.

Operator

Good morning, and welcome to Invesco's First Quarter Results Conference Call. [Operator Instructions] Today's conference is being recorded. If you have any objections, you may disconnect at this time. I would now like to turn the call over to the speakers for today, Mr. Martin L. Flanagan, President and CEO of Invesco; and Mr. Loren Starr, Chief Financial Officer. Mr. Flanagan, you may begin.

Martin L. Flanagan

Thank you very much, and thanks, everybody, for joining us. I'll speak to the presentation on the website, if you're some [ph] quite to follow. And I'll go through business results, and Loren will get into the greater detail on the financials. And as always, Loren and I will address any questions people have afterwards.

So if you happen to be following, I'm starting on Slide 3 of the presentation. To get started, long-term investment performance remained very strong for Invesco across the board in the first quarter. And again, we continue to see some areas of exceptional investment performance. And on the back of the strong investment performance, we contributed to a continued trend of positive long-term net inflows for the firm in spite of the continuing volatility in the marketplace. This is the seventh consecutive quarter of net positive long-term flow for the firm, which we think is quite strong in consideration of the marketplace that we evolve and operating in.

And importantly, during the quarter, we're raising our quarterly dividend 41% to $0.1725 per share, reflecting continued confidence in the fundamentals of our business. And during the quarter, we've repurchased 3.1 million shares for $75 million.

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