ING Group, N.V. (ING) to Issue Dividend of $0.46 on August 17th

ING Group, N.V. (NYSE:ING) announced a dividend on Thursday, July 30th. Stockholders of record on Monday, August 10th will be given a dividend of 0.458 per share by the financial services provider on Monday, August 17th. This represents a dividend yield of 262.0%. The ex-dividend date of this dividend is Monday, August 10th.

ING Group has a payout ratio of 30.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect ING Group to earn $3.21 per share next year, which means the company should continue to be able to cover its $0.77 annual dividend with an expected future payout ratio of 24.0%.

ING Group Stock Performance

ING opened at $35.66 on Friday. The company’s 50 day moving average is $32.14 and its 200 day moving average is $29.76. The company has a current ratio of 1.10, a quick ratio of 1.11 and a debt-to-equity ratio of 2.99. The company has a market cap of $101.99 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 0.93 and a beta of 0.85. ING Group has a 12-month low of $23.63 and a 12-month high of $36.24.

ING Group (NYSE:ING) last announced its earnings results on Thursday, July 30th. The financial services provider reported $0.79 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. ING Group had a net margin of 28.15% and a return on equity of 12.59%. The business had revenue of $4.76 billion during the quarter, compared to analysts’ expectations of $6.99 billion. On average, equities research analysts predict that ING Group will post 2.82 EPS for the current year.

ING Group Company Profile

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.