Voya Financial, Inc. (NYSE:VOYA) Announces $0.47 Quarterly Dividend

Voya Financial, Inc. (NYSE:VOYA) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Wednesday, August 26th will be given a dividend of 0.47 per share by the asset manager on Monday, September 28th. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, August 26th.

Voya Financial has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 6 years. Voya Financial has a payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Voya Financial to earn $11.27 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 16.7%.

Voya Financial Trading Up 1.6%

Shares of VOYA stock opened at $100.36 on Friday. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.48. The firm has a market cap of $9.10 billion, a P/E ratio of 15.16, a PEG ratio of 0.91 and a beta of 0.91. The company has a 50 day moving average of $91.86 and a 200-day moving average of $80.11. Voya Financial has a 12-month low of $64.50 and a 12-month high of $103.85.

Voya Financial (NYSE:VOYA) last issued its quarterly earnings results on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.02 by $0.24. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the firm earned $2.00 EPS. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. Sell-side analysts anticipate that Voya Financial will post 9.32 earnings per share for the current year.

Voya Financial Company Profile

Voya Financial, Inc (NYSE: VOYA) is a financial services company headquartered in New York City, focused on helping Americans plan, invest and protect their savings. The company traces its roots to the U.S. operations of ING Group, which were spun off in 2013 and rebranded as Voya Financial in 2014. Voya’s operations are built around a customer-centric approach, drawing on decades of experience in retirement planning and risk management to serve both individual and institutional clients.

Voya’s core business activities span three key segments: Retirement, Investment Management and Employee Benefits.