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Invesco Senior Income Trust

NYSE:VVR
Snowflake Description

Average dividend payer and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VVR
NYSE
$767M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Invesco Senior Income Trust is a closed ended fixed income mutual fund launched by Invesco Ltd. The last earnings update was 131 days ago. More info.


Add to Portfolio Compare Print
  • Invesco Senior Income Trust is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
VVR Share Price and Events
7 Day Returns
2.4%
NYSE:VVR
3.1%
US Capital Markets
1.6%
US Market
1 Year Returns
-3.4%
NYSE:VVR
-11%
US Capital Markets
3.2%
US Market
VVR Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Invesco Senior Income Trust (VVR) 2.4% 3.9% 10.9% -3.4% 5.7% -14.8%
US Capital Markets 3.1% 1% 11.6% -11% 57.3% 58.2%
US Market 1.6% 2.1% 12.8% 3.2% 38.6% 43.6%
1 Year Return vs Industry and Market
  • VVR outperformed the Capital Markets industry which returned -11% over the past year.
  • VVR underperformed the Market in United States of America which returned 3.2% over the past year.

Value

 Is Invesco Senior Income Trust undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Invesco Senior Income Trust to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Invesco Senior Income Trust.

NYSE:VVR Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $4.87 * 5.2%
$0.25
Book Value of Equity per Share Median Book Value from the past 5 years. $4.87
Discount Rate (Cost of Equity) See below 8.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:VVR
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.728 (1 + (1- 21%) (51.04%))
1.014
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.01
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.014 * 5.96%)
8.78%

Discounted Cash Flow Calculation for NYSE:VVR using Excess Returns Model Model

The calculations below outline how an intrinsic value for Invesco Senior Income Trust is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:VVR Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.2% – 8.78%) * $4.87)
$-0.17
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.17 / (8.78% - 2.73%)
$-2.85
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $4.87 + $-2.85
$2.02
NYSE:VVR Discount to Share Price
Calculation Result
Value per share (USD) From above. $2.02
Current discount Discount to share price of $4.26
= -1 x ($4.26 - $2.02) / $2.02
-111.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Invesco Senior Income Trust is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Invesco Senior Income Trust's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Invesco Senior Income Trust's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:VVR PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-08-31) in USD $0.28
NYSE:VVR Share Price ** NYSE (2019-03-19) in USD $4.26
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 24.96x
United States of America Market PE Ratio Median Figure of 3,056 Publicly-Listed Companies 17.77x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Invesco Senior Income Trust.

NYSE:VVR PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:VVR Share Price ÷ EPS (both in USD)

= 4.26 ÷ 0.28

15.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Invesco Senior Income Trust is good value based on earnings compared to the US Capital Markets industry average.
  • Invesco Senior Income Trust is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Invesco Senior Income Trust's expected growth come at a high price?
Raw Data
NYSE:VVR PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 15.26x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.21x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Invesco Senior Income Trust, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Invesco Senior Income Trust's assets?
Raw Data
NYSE:VVR PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-08-31) in USD $4.91
NYSE:VVR Share Price * NYSE (2019-03-19) in USD $4.26
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.83x
United States of America Market PB Ratio Median Figure of 5,154 Publicly-Listed Companies 1.89x
NYSE:VVR PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:VVR Share Price ÷ Book Value per Share (both in USD)

= 4.26 ÷ 4.91

0.87x

* Primary Listing of Invesco Senior Income Trust.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Invesco Senior Income Trust is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Invesco Senior Income Trust's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Invesco Senior Income Trust has a total score of 3/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Invesco Senior Income Trust expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Invesco Senior Income Trust has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Invesco Senior Income Trust expected to grow at an attractive rate?
  • Unable to compare Invesco Senior Income Trust's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Invesco Senior Income Trust's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Invesco Senior Income Trust's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:VVR Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:VVR Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:VVR Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
NYSE:VVR Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-08-31 67 51 50
2018-05-31 66 6 46
2018-02-28 64 -39 42
2017-11-30 66 -27 58
2017-08-31 67 -15 74
2017-05-31 70 34 121
2017-02-28 72 84 167
2016-11-30 73 117 101
2016-08-31 74 150 35
2016-05-31 76 149 -21
2016-02-29 77 149 -78
2015-11-30 77 119 -46

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Invesco Senior Income Trust is high growth as no earnings estimate data is available.
  • Unable to determine if Invesco Senior Income Trust is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:VVR Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Invesco Senior Income Trust Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:VVR Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
NYSE:VVR Past Financials Data
Date (Data in USD Millions) EPS *
2018-08-31 0.28
2018-05-31 0.25
2018-02-28 0.23
2017-11-30 0.32
2017-08-31 0.41
2017-05-31 0.67
2017-02-28 0.93
2016-11-30 0.56
2016-08-31 0.20
2016-05-31 -0.12
2016-02-29 -0.43
2015-11-30 -0.26

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Invesco Senior Income Trust will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Invesco Senior Income Trust's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Invesco Senior Income Trust has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Invesco Senior Income Trust performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Invesco Senior Income Trust's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Invesco Senior Income Trust's year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Invesco Senior Income Trust's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Invesco Senior Income Trust's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Invesco Senior Income Trust's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Invesco Senior Income Trust Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:VVR Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-08-31 66.95 50.24 14.06
2018-05-31 65.60 45.88 14.06
2018-02-28 64.25 41.51 14.06
2017-11-30 65.77 57.73 14.07
2017-08-31 67.29 73.94 14.08
2017-05-31 69.77 120.56 13.73
2017-02-28 72.24 167.18 13.38
2016-11-30 73.28 101.19 13.53
2016-08-31 74.32 35.20 13.69
2016-05-31 75.57 -21.26 14.10
2016-02-29 76.81 -77.72 14.51
2015-11-30 77.11 -46.36 14.76
2015-08-31 77.41 -15.00 15.01
2015-05-31 77.86 3.27 15.17
2015-02-28 78.31 21.54 15.33
2014-11-30 77.61 46.89 15.35
2014-08-31 76.91 72.24 15.37
2014-05-31 76.79 76.05 15.34
2014-02-28 76.66 79.87 15.31
2013-11-30 79.41 89.88 15.36
2013-08-31 82.16 99.88 15.41
2013-05-31 81.24 105.37 15.13
2013-02-28 80.32 110.86 14.85
2012-11-30 77.00 208.59 14.48
2012-08-31 73.68 306.31 14.11
2012-05-31 73.13 166.85 14.38

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Invesco Senior Income Trust has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Invesco Senior Income Trust used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Invesco Senior Income Trust's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Invesco Senior Income Trust's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Invesco Senior Income Trust has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Invesco Senior Income Trust's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Invesco Senior Income Trust's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Invesco Senior Income Trust's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Invesco Senior Income Trust's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Invesco Senior Income Trust's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is not covered by short term assets, assets are 0.1x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Invesco Senior Income Trust Company Filings, last reported 6 months ago.

NYSE:VVR Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-08-31 884.05 391.47 20.20
2018-05-31 884.05 391.47 20.20
2018-02-28 883.24 403.54 17.26
2017-11-30 883.24 403.54 17.26
2017-08-31 876.66 423.86 21.03
2017-05-31 876.66 423.86 21.03
2017-02-28 888.27 401.70 25.35
2016-11-30 888.27 401.70 25.35
2016-08-31 851.86 366.10 11.29
2016-05-31 851.86 366.10 11.29
2016-02-29 773.75 387.26 16.07
2015-11-30 773.75 387.26 16.07
2015-08-31 872.02 392.00 29.26
2015-05-31 872.02 392.00 29.26
2015-02-28 908.72 409.00 8.33
2014-11-30 908.72 409.00 8.33
2014-08-31 945.35 412.00 9.24
2014-05-31 945.35 412.00 9.24
2014-02-28 945.51 402.00 16.56
2013-11-30 945.51 402.00 16.56
2013-08-31 934.13 365.00 8.14
2013-05-31 934.13 365.00 8.14
2013-02-28 930.43 332.00 14.25
2012-11-30 930.43 332.00 14.25
2012-08-31 1,023.69 247.00 1.99
2012-05-31 1,023.69 247.00 1.99
  • Invesco Senior Income Trust's level of debt (44.3%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (39.1% vs 44.3% today).
  • Debt is not well covered by operating cash flow (13%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 4.8x coverage).
X
Financial health checks
We assess Invesco Senior Income Trust's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Invesco Senior Income Trust has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Invesco Senior Income Trust's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
6.23%
Current annual income from Invesco Senior Income Trust dividends.
If you bought $2,000 of Invesco Senior Income Trust shares you are expected to receive $125 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Invesco Senior Income Trust's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).
  • Invesco Senior Income Trust's dividend is above the markets top 25% of dividend payers in United States of America (3.63%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:VVR Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:VVR Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
NYSE:VVR Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 0.266 6.362
2019-02-01 0.264 6.399
2019-01-02 0.263 6.460
2018-12-03 0.261 6.606
2018-11-01 0.234 5.619
2018-10-01 0.236 5.585
2018-09-04 0.234 5.403
2018-08-01 0.234 5.423
2018-07-02 0.234 5.448
2018-06-01 0.234 5.382
2018-05-01 0.234 5.303
2018-04-02 0.234 5.285
2018-03-01 0.234 5.297
2018-02-01 0.234 5.318
2018-01-02 0.234 5.264
2017-12-01 0.246 5.597
2017-11-01 0.246 5.629
2017-10-02 0.246 5.525
2017-09-01 0.246 5.551
2017-08-01 0.246 5.496
2017-07-03 0.246 5.425
2017-06-01 0.246 5.358
2017-05-01 0.282 6.016
2017-04-03 0.282 6.063
2017-02-01 0.282 6.023
2017-01-03 0.282 6.128
2016-12-01 0.282 6.206
2016-11-01 0.282 6.417
2016-10-03 0.282 6.461
2016-09-01 0.282 6.531
2016-08-01 0.294 6.791
2016-06-01 0.294 6.971
2016-05-02 0.312 7.647
2016-04-01 0.312 7.710
2016-03-01 0.312 7.876
2016-02-01 0.312 8.347
2016-01-04 0.312 8.023
2015-12-01 0.312 7.732
2015-11-02 0.312 7.513
2015-10-01 0.312 7.467
2015-09-01 0.312 7.382
2015-08-03 0.312 7.175
2015-07-01 0.312 6.968
2015-06-01 0.312 6.709
2015-05-01 0.336 7.193
2015-04-01 0.336 7.078
2015-03-02 0.336 7.090
2015-02-02 0.336 7.311
2015-01-02 0.336 7.468
2014-12-01 0.336 7.351
2014-11-03 0.312 6.784
2014-10-01 0.312 6.674
2014-09-02 0.312 6.540
2014-08-01 0.312 6.435
2014-07-01 0.312 6.303
2014-06-02 0.312 6.288
2014-05-01 0.336 6.728
2014-04-01 0.336 6.752
2014-03-03 0.336 6.703
2014-02-03 0.336 6.662
2014-01-02 0.336 6.613
2013-12-02 0.366 7.240
2013-11-01 0.366 6.960
2013-10-01 0.366 6.956
2013-09-03 0.366 7.034
2013-08-01 0.366 7.023
2013-07-01 0.366 6.819
2013-06-03 0.366 6.864
2013-05-01 0.366 6.485
2013-04-01 0.366 6.598
2013-03-01 0.366 6.516
2013-02-01 0.366 6.629
2013-01-02 0.366 6.800
2012-12-03 0.366 7.176
2012-11-01 0.366 7.095
2012-10-01 0.318 6.234
2012-09-04 0.318 6.321
2012-08-01 0.318 6.417
2012-07-02 0.318 6.552
2012-06-01 0.318 6.779
2012-05-01 0.318 6.701
2012-04-02 0.318 6.595
2012-02-01 0.318 6.750
2012-01-03 0.288 6.434
2011-12-01 0.288 6.717
2011-11-01 0.288 6.734
2011-09-30 0.288 6.822
2011-09-01 0.288 6.647
2011-08-01 0.288 6.499
2011-07-01 0.288 5.836
2011-06-01 0.288 5.738
2011-05-02 0.288 5.603
2011-04-01 0.288 5.615
2011-03-01 0.288 5.711
2011-02-01 0.288 5.707
2011-01-03 0.288 5.899
2010-12-01 0.288 6.147
2010-11-01 0.288 6.068
2010-10-01 0.288 6.190
2010-09-01 0.313 6.798
2010-08-02 0.313 6.797
2010-07-01 0.325 7.250
2010-06-01 0.325 7.265
2010-05-03 0.325 7.063
2010-04-01 0.301 6.027
2010-03-01 0.301 6.083
2010-01-04 0.301 6.666
2009-12-01 0.301 7.236
2009-11-02 0.301 7.465
2009-10-01 0.301 7.595
2009-09-01 0.301 8.015
2009-07-27 0.301 8.413
2009-07-01 0.301 9.162
2009-06-01 0.301 9.370
2009-05-01 0.301 10.020
2009-04-01 0.301 11.241
2009-03-20 0.301 12.506

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Invesco Senior Income Trust's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Invesco Senior Income Trust's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Invesco Senior Income Trust afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Invesco Senior Income Trust has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Invesco Senior Income Trust's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Colin Meadows
COMPENSATION $0
AGE 47
CEO Bio

Mr. Colin D. Meadows, J.D. has been Senior Managing Director of Invesco Ltd. since 2006 and serves as its Head of Private Markets and Global Institutional. He was Chief Administrative Officer of Invesco Ltd. since May 2006 until November 20, 2018. Mr. Meadows is responsible for business strategy, human resources, communications, facilities and internal audit. He serves as Chief Executive Officer and President at Invesco Trust for Investment Grade Municipals He serves as Principal Executive Officer and President at Invesco Senior Loan Fund, Invesco California Value Municipal Income Trust, Invesco Advantage Municipal Income Trust II, Invesco High Income Trust II, Invesco Dynamic Credit Opportunities Fund, Invesco Municipal Trust, Invesco Bond Fund, Invesco Van Kampen Trust for Value Municipals, Invesco Municipal Opportunity Trust, Invesco Pennsylvania Value Municipal Income Trust and Invesco Senior Income Trust. He served as Principal Executive Officer and President at Invesco Exchange Fund, Invesco Van Kampen Trust and Invesco Van Kampen Select Sector Municipal Trust for Investment Grade New Jersey Municipals. He served as Chief Executive Officer and President at Invesco Van Kampen Ohio Quality Municipal Trust. He served as Chief Administrative Officer at Invesco Bond Fund. He served as Manaing General Partner at Invesco Exchange Fund from 2010 to August 29, 2014. Previously, he joined Invesco from GE Consumer Finance where Mr. Meadows served as a Senior Vice President of business development and mergers & acquisitions. Mr. Meadows also served as Senior Vice President of Strategic Planning and Technology at Wells Fargo Bank. He served as an Associate Principal at McKinsey & Company from 1996 to 2003, focusing on the financial services and venture capital industries, with an emphasis in the banking and asset management sectors. He served as Chief Executive Officer, President of Invesco Funds in the Funds Complex. Mr. Meadows was the Chairman of the Board of CIBC National Trust Company and is its Director. He has been Director at Invesco Mortgage Capital Inc. since August 18, 2017. He serves as a Director of Invesco Advisers, Inc. Mr. Meadows also serves as a Director of Boys & Girls Clubs of Metro Atlanta, Inc. He has been Interested Trustee at Invesco High Income Trust II since June 01, 2010. He served as Interested Trustee of Invesco Dynamic Credit Opportunities Fund, Invesco Municipal Trust, Invesco Municipal Opportunity Trust, Invesco Van Kampen Trust for Value Municipals, Invesco Pennsylvania Value Municipal Income Trust, Invesco Advantage Municipal Income Trust II, Invesco Bond Fund and Invesco Senior Income Trust from June 01, 2010 to August 29, 2014. He served as Trustee of Invesco Trust for Investment Grade Municipals from 2010 to August 29, 2014. He served as Interested Trustee at Invesco Trust for Investment Grade New York Municipals from 2010 to September 2014. He served as Trustee of Invesco Van Kampen Trust for Investment Grade New Jersey Municipals, Invesco Van Kampen Ohio Quality Municipal Trust and Invesco Van Kampen Select Sector Municipal Trust since June 01, 2010. He served as Trustee of Invesco California Value Municipal Income Trust until August 29, 2014. He served as Independent Trustee at Invesco Senior Loan Fund from 2010 to August 29, 2014. He served as Trustee of Invesco Funds in the Funds Complex. He received B.A., Cum Laude, in Economics and English literature from Andrews University and a J.D. from Harvard Law School.

CEO Compensation
  • Insufficient data for Colin to compare compensation growth.
  • Insufficient data for Colin to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team

Colin Meadows

TITLE
Principal Executive Officer and President
AGE
47

Sheri Morris

TITLE
Principal Financial Officer
AGE
54

John Zerr

TITLE
Chief Legal Officer
AGE
56

Valinda Arnett-Patton

TITLE
Chief Compliance Officer
AGE
59

Ronald Robison

TITLE
Managing Director of Van Kampen Advisors Inc
AGE
79
TENURE
15.8 yrs

Crissie Wisdom

TITLE
Anti-Money Laundering Compliance Officer
AGE
49

Jeffrey Scott

TITLE

Gerard Fogarty

TITLE
Vice President

Philip Yarrow

TITLE
Portfolio Manager

Tom Ewald

TITLE
Portfolio Manager
Board of Directors Tenure

Average tenure and age of the Invesco Senior Income Trust board of directors in years:

25.2
Average Tenure
77
Average Age
  • The average tenure for the Invesco Senior Income Trust board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Wayne Whalen

TITLE
Chairman
COMPENSATION
$9K
AGE
79

Sue Woolsey

TITLE
Independent Trustee
COMPENSATION
$9K
AGE
77
TENURE
16.2 yrs

Hugo Sonnenschein

TITLE
Independent Trustee
COMPENSATION
$9K
AGE
78
TENURE
25.2 yrs

David Arch

TITLE
Independent Trustee
COMPENSATION
$9K
AGE
73
TENURE
30.2 yrs

Rod Dammeyer

TITLE
Independent Trustee
COMPENSATION
$11K
AGE
78

Frank Bayley

TITLE
Trustee Nominee
AGE
79

Jim Bunch

TITLE
Trustee Nominee
AGE
76

Bruce Crockett

TITLE
Trustee Nominee
AGE
74

Albert Dowden

TITLE
Trustee Nominee
AGE
77

Jack Fields

TITLE
Trustee Nominee
AGE
66
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
08. Feb 19 Buy Saba Capital Management, L.P. Company 18. Dec 18 06. Feb 19 4,899,142 $4.11 $20,135,474
X
Management checks
We assess Invesco Senior Income Trust's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Invesco Senior Income Trust has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Invesco Senior Income Trust is a closed ended fixed income mutual fund launched by Invesco Ltd. It is co-managed by Invesco Advisers, Inc., Invesco Asset Management Deutschland GmbH, Invesco Asset Management Limited, Invesco Asset Management (Japan) Limited, Invesco Australia Limited, Invesco Hong Kong Limited, Invesco Senior Secured Management, Inc., and Invesco Canada Ltd. The fund invests in the fixed income markets of the United States. It primarily invests in a portfolio of interests in floating or variable rate senior loans to corporations, partnerships, and other entities which operate in a variety of industries and geographical regions. The fund typically employs fundamental analysis with a bottom up stock picking approach to create its portfolio. It benchmarks the performance of its portfolio against the Credit Suisse Leveraged Loan Index. The fund was formerly known as Invesco Van Kampen Senior Income Trust and Van Kampen Senior Income Trust. Invesco Senior Income Trust was formed on June 23, 1998 and is domiciled in the United States.

Details
Name: Invesco Senior Income Trust
VVR
Exchange: NYSE
Founded: 1998
$766,954,041
180,036,160
Website: http://www.invesco.com/portal/site/us/investors/closed-end/product-detail?productId=30607
Address: Invesco Senior Income Trust
Two Peachtree Pointe,
1555 Peachtree Street North East,
Atlanta,
Georgia, 30309,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE VVR Common Shares New York Stock Exchange US USD 24. Jun 1998
Number of employees
Current staff
Staff numbers
0
Invesco Senior Income Trust employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/19 23:49
End of day share price update: 2019/03/19 00:00
Last estimates confirmation: 2017/05/08
Last earnings filing: 2018/11/08
Last earnings reported: 2018/08/31
Last annual earnings reported: 2018/02/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.