Voya Financial, Inc. (VOYA) to Distribute Quarterly Dividend of $0.47 on September 28th

Voya Financial, Inc. (NYSE:VOYA) announced a quarterly dividend on Thursday, July 30th. Shareholders of record on Wednesday, August 26th will be paid a dividend of 0.47 per share by the asset manager on Monday, September 28th. This represents a c) annualized dividend and a yield of 1.9%. The ex-dividend date is Wednesday, August 26th.

Voya Financial has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 6 consecutive years. Voya Financial has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Voya Financial to earn $11.27 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 16.7%.

Voya Financial Stock Down 0.7%

Shares of NYSE:VOYA opened at $99.53 on Friday. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 0.92 and a beta of 0.91. The company has a 50 day moving average of $92.21 and a two-hundred day moving average of $80.25. Voya Financial has a 52-week low of $64.50 and a 52-week high of $103.85. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48.

Voya Financial (NYSE:VOYA) last posted its earnings results on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.24. The business had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.98 billion. Voya Financial had a net margin of 8.24% and a return on equity of 13.84%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.00 earnings per share. As a group, analysts forecast that Voya Financial will post 9.32 earnings per share for the current fiscal year.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.