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A Look at 11 High-Yield Financial S&P 500 Companies

PART:
1 2 3 4 5 6 7 8 9 10 11 12
Part 11
A Look at 11 High-Yield Financial S&P 500 Companies PART 11 OF 12

How Invesco’s Dividend Yield Curve Has Evolved

Revenue and earnings

Investment management company Invesco (IVZ) saw its revenue fall 8% in 2016, after flat growth in 2015. In 2016, its investment management, service and distribution, and performance fees fell.

Its operating expenses fell 3%–5% in 2015 and 2016, and its operating income fell 13% in 2016 after rising 6% in 2015. Meanwhile, its interest expenses rose 12%–14%. Its EPS (earnings per share) fell 9% in 2016, and were flat in 2015.
How Invesco&#8217;s Dividend Yield Curve Has Evolved

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Revenue and EPS in 1H17

Invesco’s revenue grew 5% in 1H17, driven by all segments. Its operating expenses rose 6%, its operating income was flat, and its interest expenses rose 3%. As a result, its EPS rose 4%.

Dividend

The company has consistently increased its dividend over the years. Its dividend payout varied slightly between 2014 to 2016, and rose between 1H16 and 1H17.

How Invesco&#8217;s Dividend Yield Curve Has Evolved

Stock price

Invesco stock has been beaten by the First Trust Financials AlphaDEX ETF (FXO) since 2H15.

How Invesco&#8217;s Dividend Yield Curve Has Evolved

The Fidelity Dividend ETF for Rising Rates (FDRR) offers a 2% dividend yield, at a PE (price-to-earnings) ratio of 17x. It has a 10% exposure to financials. The WisdomTree US LargeCap Dividend ETF (DLN) offers a 2.5% dividend yield, at a PE ratio of 20.1x. It has a 12% exposure to financials.
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