ING Group, N.V. (NYSE:ING) Plans Dividend of $0.46

ING Group, N.V. (NYSE:ING) declared a dividend on Thursday, July 30th. Stockholders of record on Monday, August 10th will be paid 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 is Monday, August 10th.

ING Group has a payout ratio of 57.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect ING Group to earn $3.13 per share next year, which means the company should continue to be able to cover its $1.46 annual dividend with an expected future payout ratio of 46.6%.

ING Group Stock Performance

ING Group stock opened at $34.95 on Friday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.73. The firm has a market cap of $99.97 billion, a P/E ratio of 13.82, a P/E/G ratio of 0.81 and a beta of 0.85. ING Group has a 1-year low of $22.53 and a 1-year high of $34.97. The firm has a 50-day moving average of $31.58 and a 200-day moving average of $29.49.

ING Group (NYSE:ING) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.75 by $0.04. The company had revenue of $4.76 billion for the quarter, compared to the consensus estimate of $6.99 billion. ING Group had a return on equity of 12.27% and a net margin of 27.68%. Sell-side analysts expect that ING Group will post 2.87 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.