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

Voya Financial, Inc. (NYSE:VOYAGet Free Report) announced a quarterly dividend on Thursday, January 29th. Shareholders of record on Wednesday, February 25th will be paid a dividend of 0.47 per share by the asset manager on Friday, March 27th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, February 25th.

Voya Financial has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Voya Financial has a payout ratio of 19.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Voya Financial to earn $10.28 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 18.3%.

Voya Financial Trading Down 0.7%

Shares of NYSE:VOYA traded down $0.50 during trading on Friday, reaching $76.08. 52,125 shares of the company traded hands, compared to its average volume of 784,836. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.42. Voya Financial has a 52-week low of $52.43 and a 52-week high of $79.99. The firm has a market capitalization of $7.24 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 0.47 and a beta of 0.90. The business’s fifty day moving average is $74.36 and its 200-day moving average is $73.79.

Voya Financial (NYSE:VOYAGet Free Report) last posted its quarterly earnings results on Tuesday, November 4th. The asset manager reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.97 billion. Voya Financial had a net margin of 7.55% and a return on equity of 13.89%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.12 EPS. As a group, analysts forecast that Voya Financial will post 8.39 EPS for the current year.

About Voya Financial

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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.

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Dividend History for Voya Financial (NYSE:VOYA)

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