ING Group, N.V. Announces Annual Dividend of $0.20 (NYSE:ING)

ING Group, N.V. (NYSE:ING) declared an annual dividend on Friday, December 26th. Investors of record on Thursday, January 8th will be paid a dividend of 0.2009 per share by the financial services provider on Friday, January 23rd. This represents a dividend yield of 69.0%. The ex-dividend date of this dividend is Thursday, January 8th.

ING Group has raised its dividend payment by an average of 0.1%per year over the last three years. ING Group has a dividend payout ratio of 26.9% meaning its dividend is sufficiently covered by earnings. 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 ING opened at $28.94 on Tuesday. The company has a market cap of $84.21 billion, a P/E ratio of 13.03, a PEG ratio of 1.87 and a beta of 0.82. ING Group has a fifty-two week low of $15.53 and a fifty-two week high of $29.02. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 2.99. The firm’s 50 day moving average price is $26.51 and its 200 day moving average price is $24.84.

ING Group (NYSE:ING) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.70 EPS for the quarter, beating the consensus estimate of $0.64 by $0.06. ING Group had a net margin of 26.94% and a return on equity of 11.57%. The company had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $5.35 billion. On average, research analysts forecast that ING Group will post 2.14 earnings per share 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.