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

ING Groep logo with Finance background

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

(Get Free Report)

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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Dividend History for ING Groep (NYSE:ING)

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