Voya Financial, Inc. (NYSE:VOYA) Announces Quarterly Dividend of $0.47

Voya Financial, Inc. (NYSE:VOYA) announced a quarterly dividend on Thursday, January 29th. Investors of record on Wednesday, February 25th will be given a dividend of 0.47 per share by the asset manager on Friday, March 27th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, February 25th.

Voya Financial has increased its dividend payment by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Voya Financial has a dividend payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Voya Financial to earn $10.28 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 18.3%.

Voya Financial Stock Performance

NYSE VOYA traded down $0.50 on Friday, hitting $76.08. 52,125 shares of the stock traded hands, compared to its average volume of 784,836. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.27 and a current ratio of 0.27. The business’s fifty day moving average is $74.36 and its two-hundred day moving average is $73.79. Voya Financial has a 12 month low of $52.43 and a 12 month high of $79.99. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 13.07, a PEG ratio of 0.47 and a beta of 0.90.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, November 4th. The asset manager reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $1.94 billion for the quarter, compared to analysts’ expectations of $1.97 billion. Voya Financial had a return on equity of 13.89% and a net margin of 7.55%.The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.12 EPS. As a group, equities analysts anticipate that Voya Financial will post 8.39 EPS for the current fiscal year.

Institutional Investors Weigh In On Voya Financial

Several hedge funds have recently added to or reduced their stakes in VOYA. Torren Management LLC bought a new stake in Voya Financial in the 4th quarter worth approximately $121,000. M&T Bank Corp lifted its holdings in shares of Voya Financial by 23.5% in the 4th quarter. M&T Bank Corp now owns 7,230 shares of the asset manager’s stock worth $539,000 after acquiring an additional 1,377 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Voya Financial by 5.1% in the 4th quarter. Pictet Asset Management Holding SA now owns 15,053 shares of the asset manager’s stock valued at $1,121,000 after purchasing an additional 725 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its holdings in shares of Voya Financial by 21.4% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 231,972 shares of the asset manager’s stock valued at $17,280,000 after purchasing an additional 40,900 shares during the last quarter. Finally, Impax Asset Management Group plc raised its position in Voya Financial by 11.4% in the 4th quarter. Impax Asset Management Group plc now owns 203,101 shares of the asset manager’s stock worth $15,129,000 after purchasing an additional 20,722 shares during the period. Institutional investors own 96.10% of the company’s stock.

About Voya Financial

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.