ING Groep Announces Semi-annual Dividend of $0.17 (NYSE:ING)

ING Groep (NYSE:ING) announced a semi-annual dividend on Monday, January 6th,Wall Street Journal reports. Shareholders of record on Monday, January 13th will be paid a dividend of 0.1667 per share by the financial services provider on Thursday, January 23rd. This represents a yield of 6.4%. The ex-dividend date is Monday, January 13th.

ING Groep has a payout ratio of 35.3% meaning its dividend is sufficiently covered by earnings. Research analysts expect ING Groep to earn $2.14 per share next year, which means the company should continue to be able to cover its $0.76 annual dividend with an expected future payout ratio of 35.5%.

ING Groep Stock Up 1.0 %

ING opened at $15.81 on Tuesday. ING Groep has a one year low of $12.77 and a one year high of $18.72. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s fifty day moving average is $15.76 and its 200-day moving average is $17.01. The company has a market capitalization of $55.31 billion, a PE ratio of 7.09, a P/E/G ratio of 5.97 and a beta of 1.47.

Analyst Ratings Changes

ING has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft downgraded shares of ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a research note on Thursday, October 17th. Barclays cut shares of ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd. Finally, Morgan Stanley lowered shares of ING Groep from an “overweight” rating to an “equal weight” rating in a report on Tuesday, November 26th.

ING Groep 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.