Voya Financial, Inc. (VOYA) To Go Ex-Dividend on August 26th

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

Voya Financial has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 6 consecutive years. Voya Financial has a dividend payout ratio of 19.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Voya Financial to earn $11.34 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 16.6%.

Voya Financial Trading Down 0.0%

Shares of NYSE VOYA opened at $97.74 on Monday. The firm’s 50 day moving average price is $96.73 and its 200-day moving average price is $82.78. The company has a market cap of $8.86 billion, a PE ratio of 16.48, a P/E/G ratio of 0.94 and a beta of 0.89. Voya Financial has a 52-week low of $64.50 and a 52-week high of $103.85. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.27 and a current ratio of 0.27.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings results on Tuesday, August 4th. The asset manager reported $1.51 EPS for the quarter, missing analysts’ consensus estimates of $1.98 by ($0.47). The firm had revenue of $1.88 billion for the quarter, compared to analysts’ expectations of $1.90 billion. Voya Financial had a net margin of 7.45% and a return on equity of 12.31%. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.66 EPS. On average, equities research analysts expect that Voya Financial will post 9.27 EPS for the current fiscal 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.