5 Dividend Stocks For Beginners

2. Invesco Ltd. (NYSE:IVZ)

Dividend Yield as of May 6: 4.06%

Number of Hedge Fund Holders: 34

Invesco Ltd. (NYSE:IVZ) is a Georgia-based public investment manager that specializes in equity, fixed income, commodity, multi-asset, and balanced mutual funds for its clients. Invesco Ltd. (NYSE:IVZ) serves retail and institutional clients, high-net worth individuals, public corporations, unions, non-profit organizations, endowments, pension funds, financial institutions, and sovereign wealth funds.

On April 26, Invesco Ltd. (NYSE:IVZ) declared a $0.1875 per share quarterly dividend, a 10.3% increase from its prior dividend of $0.17. The dividend is payable on June 2, for shareholders of record on May 10. Deutsche Bank analyst Brian Bedell on April 27 maintained a Buy recommendation on Invesco Ltd. (NYSE:IVZ) but lowered the firm’s price target on the stock to $24 from $26 following the “good” Q1 results.

Among the hedge funds tracked by Insider Monkey, 34 funds were bullish on Invesco Ltd. (NYSE:IVZ) at the end of Q4 2021, with collective stakes worth $1.6 billion. Nelson Peltz’s Trian Partners is the largest shareholder of the company, with a position worth $1.18 billion.