ING Group, N.V. (NYSE:ING) Declares $0.40 Semi-annual Dividend

Key Points

• ING Group, N.V. announced a semi-annual dividend of $0.40 per share, with an ex-dividend date of August 11th and payment scheduled for August 25th, resulting in a dividend yield of 450.0%.
• The company's dividend payout ratio stands at 63.2%, suggesting that it is well-supported by earnings, as ING Group expects to earn $2.56 per share next year.
• In the recent quarter, ING Group reported an EPS of $0.64, surpassing estimates, and had revenues of $6.55 billion, exceeding projections of $6.40 billion.

ING Group, N.V. (NYSE:ING - Get Free Report) announced a semi-annual dividend on Monday, August 4th, Wall Street Journal reports. Stockholders of record on Monday, August 11th will be given a dividend of 0.4002 per share by the financial services provider on Monday, August 25th. This represents a dividend yield of 450.0%. The ex-dividend date of this dividend is Monday, August 11th.

ING Group has a payout ratio of 63.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect ING Group to earn $2.56 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 62.5%.

ING Group Stock Performance

Shares of ING stock traded up $0.40 during mid-day trading on Wednesday, hitting $23.62. The stock had a trading volume of 1,407,606 shares, compared to its average volume of 2,770,608. ING Group has a fifty-two week low of $15.09 and a fifty-two week high of $23.90. The company's 50-day simple moving average is $22.06 and its 200-day simple moving average is $19.91. The firm has a market cap of $74.33 billion, a PE ratio of 10.88, a PEG ratio of 1.71 and a beta of 1.14. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.12 and a quick ratio of 1.12.

ING Group (NYSE:ING - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.05. ING Group had a return on equity of 11.62% and a net margin of 27.28%. The firm had revenue of $6.55 billion during the quarter, compared to analysts' expectations of $6.40 billion. Sell-side analysts anticipate that ING Group will post 2.14 earnings per share for the current year.

About ING Group

ING Groep N.V. provides various banking products and services in the Netherlands, Belgium, Germany, rest of Europe, and internationally. It operates through five segments: Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking. The company accepts current and savings accounts.