ING Groep (NYSE:ING) to Issue $0.17 Semi-annual Dividend

ING Groep (NYSE:ING) declared a semi-annual dividend on Monday, January 6th,Wall Street Journal reports. Shareholders of record on Monday, January 13th will be given 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 of this dividend is Monday, January 13th.

ING Groep has raised its dividend payment by an average of 19.7% annually over the last three years. ING Groep has a payout ratio of 13.6% 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 $0.33 annual dividend with an expected future payout ratio of 15.4%.

ING Groep Stock Performance

Shares of ING opened at $15.56 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 2.89. ING Groep has a 52-week low of $12.77 and a 52-week high of $18.72. The stock has a 50 day moving average price of $15.67 and a 200 day moving average price of $16.98. The company has a market capitalization of $54.43 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 5.97 and a beta of 1.47.

Analyst Ratings Changes

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

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.