ING Groep (NYSE:ING) Declares $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 dividend yield of 6.4%. The ex-dividend date of this dividend 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 Stock Up 1.0 %

NYSE ING traded up $0.16 on Monday, hitting $15.81. 2,480,660 shares of the company were exchanged, compared to its average volume of 2,120,154. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 2.89. The company has a market cap of $55.31 billion, a PE ratio of 7.09, a PEG ratio of 5.97 and a beta of 1.47. The stock has a fifty day moving average of $15.79 and a 200-day moving average of $17.01. ING Groep has a 12 month low of $12.77 and a 12 month high of $18.72.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ING. Deutsche Bank Aktiengesellschaft downgraded ING Groep from a “buy” rating to a “hold” rating in a research note on Wednesday, October 9th. Barclays cut ING Groep from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, October 22nd. Morgan Stanley lowered ING Groep from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, November 26th. Finally, Citigroup upgraded shares of ING Groep to a “strong-buy” rating in a research note 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.