ING Groep (NYSE:ING - Get Free Report) announced 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 is Monday, January 13th.
ING Groep has a dividend payout ratio of 35.3% meaning its dividend is sufficiently covered by earnings. Equities 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 %
Shares of ING traded up $0.16 during mid-day trading on Monday, hitting $15.81. 3,057,154 shares of the company's stock were exchanged, compared to its average volume of 2,378,351. The company has a debt-to-equity ratio of 2.89, a current ratio of 1.13 and a quick ratio of 1.13. ING Groep has a 52 week low of $12.77 and a 52 week high of $18.72. The company has a market cap of $55.31 billion, a PE ratio of 7.09, a P/E/G ratio of 5.97 and a beta of 1.47. The company has a 50-day simple moving average of $15.79 and a 200 day simple moving average of $17.01.
Wall Street Analyst Weigh In
ING has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft lowered shares of ING Groep from a "buy" rating to a "hold" rating in a research note on Wednesday, October 9th. Morgan Stanley downgraded ING Groep from an "overweight" rating to an "equal weight" rating in a research report on Tuesday, November 26th. Citigroup upgraded ING Groep to a "strong-buy" rating in a report on Thursday, October 17th. Finally, Barclays downgraded ING Groep from an "overweight" rating to an "equal weight" rating in a research note on Tuesday, October 22nd.
Read Our Latest Report on ING Groep
ING Groep Company Profile
(
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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.
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