Invesco dividend
MyStockButler's October 2026 analysis: Invesco’s current quarterly dividend is $0.215, and annual dividends rose from $0.67 in 2021 to $0.84 in 2025. Invesco generated $1,441.0 million of free cash flow and $1,361.0 million of real free cash flow in 2025 after stock pay.
How much does Invesco pay in dividends?
The base dividend holds at $0.86 in the first year, then rises to $0.90 and $0.94. The bear case cuts it to $0.72 and then $0.64. The bull case raises it to $0.94 and then $1.02. The current quarterly rate is $0.215, while annual dividends rose from $0.67 in 2021 to $0.84 in 2025. The preferred repurchase also removes $88.5 million of annual preferred dividends, supporting measured growth.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| − Dividends paid, per share | 0.83 | 0.81 | 0.78 | 0.73 | 0.66 |
| − Share buybacks, per share | 0.22 | 0.11 | 0.33 | 0.44 | 0.66 |
| = FCF not paid out, per share | 1.69 | 1.09 | 0.82 |
What this means. The company showed a paper loss in 2025 but still generated cash because large asset write-downs reduced reported profit without using cash.
How much would Invesco's dividend pay you?
$10,000 invested in Invesco at its 3.0% dividend yield (our report of October 28, 2026) pays $300.00 in the first year, before tax. If its dividend per share keeps changing 5.9% a year, as it did from 2021 to 2025, and the dividends are reinvested, year 10 pays $703.60, with $4,707.57 received in all.
Before tax. Past dividend growth is not a promise. Information only, not investment advice.
Does Invesco’s cash cover its dividend?
Free cash flow is cash from operations after capital spending. Invesco reported $1,525.3 million of operating cash flow in 2025 and spent $84.3 million on capital investment. That leaves $1,441.0 million by this definition.
Deducting $80.0 million of stock pay produces “real free cash flow” of $1,361.0 million. This is a conservative analytical view that treats stock awards as an economic cost, although issuing shares does not consume cash like salaries do.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Free cash flow | 1,441.0 | 1,120.9 | 1,136.5 | 510.3 | 969.3 |
| − Dividends paid | 377.3 | 371.5 | 357.9 | 334.8 | 307.7 |
| − Share buybacks | 100.0 | 49.6 | 150.0 | 200.0 | 309.4 |
| = Free cash flow not paid out | 769.4 | 498.7 | 373.0 | ||
| Paid out, % of free cash flow | 33.1% | 37.6% | 44.7% | 104.8% | 63.7% |
What this means. The large debt issued and repaid amounts include borrowings tied to investment products, while total debt leaves those borrowings out, so the numbers do not match directly.
What could change Invesco’s dividend?
Cash generation is the final test. Strong operating cash flow could fund dividends, buybacks and repayment together. Weak cash flow would force a choice among them. Quarterly principal payments begin in October 2029, making debt reduction and the 2029 balance sheet especially important.
| October 2027 | October 2028 | October 2029 | |
|---|---|---|---|
| Normal operating profit | 1,764 (1,378 / 1,950) | 1,836 (1,269 / 2,160) | 1,935 (1,397 / 2,378) |
| Dividends per share | 0.86 (0.86 / 0.86) | 0.90 (0.72 / 0.94) | 0.94 (0.64 / 1.02) |
| Net debt | 1,140 (1,350 / 1,010) | 423 (905 / 72.30) | -355 (327 / -1,002) |
What this means. A negative net debt number means the company has more cash than borrowed money.
What is Invesco’s dividend yield at its share price?
Invesco is an investment manager: it invests customers’ money through funds and earns fees for doing so. At $28.405 a share on October 28, 2026, the question for a buyer is whether a recently improved earnings stream can last.