I opened a new position with the purchase of Invesco Ltd. (IVZ)
120 shares @ $17.54 on 1/15/2019.
This increases my forward 12-month dividend income by $144.00 to a total of $7,427.32
I also updated my portfolio page to reflect the change.
I started the New Year with a big bang with this stock purchase. This alone increased my forward dividend by a tremendous amount of $144 for the year. I am very happy about that.
The company is a publicly owned investment manager. In Short, they manage high net-worth people and company entities wealth. Also, know as Asset Under Management (AUM).
Invesco has been paying an increasing dividend for 9 years. The 5-year dividend growth rate is 12.4% and there most recent dividend increase was 3.45%.
The company has a dividend yield of 6.41% vs its 5-year dividend yield average of 3.41%. Not only does it sport an outstanding dividend yield, but it is also able to pay that out with only a 41.40% dividend payout ratio.
CFRA expects a 3-year earnings growth of 10%. Therefore, we should start to see high single-digit or low double-digit dividend growth in the near future.
I find IVZ to be undervalued, and I recommend it as a BUY at this time. I have a fair value price at $29.04. This means that IVZ is 56.04% Undervalued based on today’s price of $18.61 (1/23/2019).
What do you think about the company? Plan on owning it or already do? or why not?
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