ING Groep (ING) to Issue Semi-annual Dividend of $0.17 on January 23rd

ING Groep (NYSE:ING) declared a semi-annual dividend on Monday, January 6th,Wall Street Journal reports. Investors 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 dividend 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. 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 Price Performance

ING Groep stock opened at $15.89 on Wednesday. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $55.59 billion, a PE ratio of 7.13, a price-to-earnings-growth ratio of 5.97 and a beta of 1.47. ING Groep has a one year low of $12.77 and a one year high of $18.72. The business has a 50 day simple moving average of $15.74 and a 200 day simple moving average of $17.00.

Analyst Upgrades and Downgrades

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

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.