Invesco Stock To Go Ex-dividend Tomorrow (IVZ)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- The ex-dividend date for Invesco (NYSE: IVZ) is tomorrow, May 15, 2013. Owners of shares as of market close today will be eligible for a dividend of 23 cents per share. At a price of $34.08 as of 9:30 a.m. ET, the dividend yield is 2.6%.

The average volume for Invesco has been 4.1 million shares per day over the past 30 days. Invesco has a market cap of $15.17 billion and is part of the financial sector and financial services industry. Shares are up 30.7% year to date as of the close of trading on Monday.

Invesco Ltd. is a publicly owned investment manager. The firm primarily provides its services to individuals, typically high net worth individuals. It also manages accounts for institutions. The firm manages separate client focused equity, fixed income, balanced portfolios. The company has a P/E ratio of 22, above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Invesco as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full Invesco Ratings Report.

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