ING Groep (NYSE:ING) Plans Semi-Annual Dividend of $0.70

ING Groep (NYSE:ING) declared a Semi-Annual dividend on Thursday, March 7th, Zacks reports. Investors of record on Thursday, April 25th will be given a dividend of 0.697 per share by the financial services provider on Friday, May 10th. This represents a dividend yield of 6.8%. The ex-dividend date is Wednesday, April 24th. This is a boost from ING Groep’s previous Semi-Annual dividend of $0.43.

ING Groep has a dividend payout ratio of 75.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect ING Groep to earn $2.11 per share next year, which means the company should continue to be able to cover its $1.64 annual dividend with an expected future payout ratio of 77.7%.

ING Groep Stock Performance

Shares of ING stock opened at $16.41 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 2.24. ING Groep has a 52 week low of $11.78 and a 52 week high of $17.18. The stock has a market capitalization of $61.13 billion, a PE ratio of 7.42 and a beta of 1.58. The firm has a 50 day moving average of $15.22 and a two-hundred day moving average of $14.33.

ING Groep (NYSE:ING) last issued its quarterly earnings results on Thursday, February 1st. The financial services provider reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). ING Groep had a net margin of 32.29% and a return on equity of 13.36%. The business had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $6.15 billion. On average, research analysts predict that ING Groep will post 1.91 EPS for the current fiscal year.

About ING Groep

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.