ING Group, N.V. (NYSE:ING) to Issue Annual Dividend of $0.20

ING Group, N.V. (NYSE:ING) declared an annual dividend on Friday, December 26th. Investors of record on Thursday, January 8th will be paid a dividend of 0.2009 per share by the financial services provider on Friday, January 23rd. This represents a yield of 69.0%. The ex-dividend date is Thursday, January 8th.

ING Group has raised its dividend by an average of 0.1%annually over the last three years. ING Group has a dividend payout ratio of 26.9% indicating that 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 $0.68 annual dividend with an expected future payout ratio of 26.6%.

ING Group Trading Up 0.6%

Shares of ING Group stock opened at $28.94 on Tuesday. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 2.99. The company has a fifty day simple moving average of $26.51 and a 200-day simple moving average of $24.84. The stock has a market cap of $84.21 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.87 and a beta of 0.82. ING Group has a 12-month low of $15.53 and a 12-month high of $29.02.

ING Group (NYSE:ING) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.06. The firm had revenue of $6.92 billion during the quarter, compared to analysts’ expectations of $5.35 billion. ING Group had a net margin of 26.94% and a return on equity of 11.57%. On average, equities analysts forecast that ING Group will post 2.14 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Cfra Research raised ING Group from a “hold” rating to a “moderate buy” rating in a research report on Thursday, September 25th. Keefe, Bruyette & Woods cut ING Group from a “hold” rating to a “moderate sell” rating in a research note on Tuesday, November 11th. Citigroup upgraded shares of ING Group to a “strong-buy” rating in a research report on Friday, November 21st. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of ING Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating and five have given a Buy rating to the company’s stock. According to MarketBeat.com, ING Group has a consensus rating of “Buy”.

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.