Invacare Co. Plans Quarterly Dividend of $0.01 (IVC)

Invacare Co. (NYSE:IVC) declared a quarterly dividend on Friday, May 17th, Wall Street Journal reports. Investors of record on Friday, July 5th will be given a dividend of 0.0125 per share by the health services provider on Monday, July 22nd. This represents a $0.05 annualized dividend and a yield of 0.75%. The ex-dividend date is Wednesday, July 3rd.

Shares of NYSE:IVC traded down $0.36 on Friday, reaching $6.69. The company’s stock had a trading volume of 334,521 shares, compared to its average volume of 782,651. Invacare has a 52-week low of $3.05 and a 52-week high of $20.00. The stock has a market capitalization of $229.57 million, a P/E ratio of -5.07 and a beta of 2.25. The company has a quick ratio of 1.29, a current ratio of 1.97 and a debt-to-equity ratio of 0.78.

Invacare (NYSE:IVC) last issued its quarterly earnings data on Monday, May 6th. The health services provider reported ($0.32) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.01. Invacare had a negative net margin of 4.56% and a negative return on equity of 11.69%. The business had revenue of $223.40 million during the quarter, compared to analysts’ expectations of $229.93 million. During the same period last year, the company posted ($0.35) EPS. The business’s revenue was down 5.8% on a year-over-year basis. On average, analysts expect that Invacare will post -0.96 earnings per share for the current year.

A hedge fund recently raised its stake in Invacare stock. Geode Capital Management LLC grew its holdings in Invacare Co. (NYSE:IVC) by 4.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 347,920 shares of the health services provider’s stock after buying an additional 15,981 shares during the period. Geode Capital Management LLC owned approximately 1.05% of Invacare worth $1,496,000 as of its most recent filing with the Securities & Exchange Commission.

A number of equities analysts have commented on IVC shares. ValuEngine raised shares of Invacare from a “sell” rating to a “hold” rating in a research note on Tuesday, January 22nd. Needham & Company LLC started coverage on shares of Invacare in a research note on Thursday, January 24th. They issued a “buy” rating and a $15.00 price objective for the company. Finally, Zacks Investment Research raised shares of Invacare from a “hold” rating to a “strong-buy” rating and set a $11.00 price objective for the company in a research note on Thursday, February 21st.

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About Invacare

Invacare Corporation, together with its subsidiaries, designs, manufactures, distributes, and exports medical equipment for use in home health care, retail, and extended care markets worldwide. The company operates through Europe, North America/Home Medical Equipment, Institutional Products Group, and the Asia/Pacific segments.

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Dividend History for Invacare (NYSE:IVC)

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