ING Group, N.V. to Issue Dividend of $0.88 (NYSE:ING)

ING Group, N.V. (NYSE:ING) declared a dividend on Thursday, January 29th. Shareholders of record on Friday, April 17th will be paid a dividend of 0.8796 per share by the financial services provider on Friday, May 1st. This represents a yield of 589.0%. The ex-dividend date of this dividend is Friday, April 17th.

ING Group has raised its dividend payment by an average of 0.1%annually over the last three years. ING Group has a dividend payout ratio of 26.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect ING Group to earn $2.56 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 26.6%.

ING Group Price Performance

Shares of NYSE ING traded down $0.47 during midday trading on Friday, hitting $29.39. 1,282,776 shares of the company’s stock were exchanged, compared to its average volume of 2,093,813. The business’s fifty day moving average price is $27.77 and its two-hundred day moving average price is $25.66. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.99. The company has a market cap of $85.52 billion, a price-to-earnings ratio of 13.24, a PEG ratio of 1.47 and a beta of 0.82. ING Group has a 12-month low of $16.04 and a 12-month high of $30.10.

ING Group (NYSE:ING) last released its earnings results on Thursday, January 29th. The financial services provider reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.10. The company had revenue of $4.61 billion during the quarter, compared to the consensus estimate of $6.67 billion. ING Group had a return on equity of 11.57% and a net margin of 26.94%. As a group, research analysts forecast that ING Group will post 2.14 EPS for the current fiscal year.

About ING Group

ING Group N.V. is a Dutch multinational financial services company headquartered in Amsterdam. Formed through the consolidation of Dutch financial businesses, ING operates as a banking and financial services group that serves retail, small and medium-sized enterprises, large corporates and institutional clients. The company is organized under a two-tier governance model common in the Netherlands, with an Executive Board responsible for day-to-day management and a Supervisory Board providing oversight.

ING’s principal activities include retail and direct banking, commercial and wholesale banking, corporate lending, transaction services and cash management, and a range of investment and savings products.