ING Group, N.V. (NYSE:ING) Plans $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) declared a semi-annual dividend on Monday, August 4th, Wall Street Journal reports. Investors of record on Monday, August 11th will be paid 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 is Monday, August 11th.

ING Group has a dividend payout ratio of 63.2% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 1.8%

Shares of NYSE:ING traded up $0.42 during midday trading on Friday, reaching $24.36. The company's stock had a trading volume of 996,635 shares, compared to its average volume of 2,756,934. The firm has a market cap of $76.67 billion, a price-to-earnings ratio of 11.23, a price-to-earnings-growth ratio of 1.70 and a beta of 1.14. The business has a 50 day moving average price of $22.17 and a 200 day moving average price of $19.99. ING Group has a 1 year low of $15.09 and a 1 year high of $24.38. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.83.

ING Group (NYSE:ING - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The financial services provider reported $0.64 earnings per share for the quarter, beating analysts' consensus estimates of $0.59 by $0.05. The company had revenue of $6.55 billion for the quarter, compared to analyst estimates of $6.40 billion. ING Group had a net margin of 27.28% and a return on equity of 11.62%. Research analysts forecast that ING Group will post 2.14 EPS for the current year.

ING Group Company Profile

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.