Voya Financial, Inc. (NYSE:VOYA - Get Free Report) announced a quarterly dividend on Thursday, October 31st, NASDAQ reports. Shareholders of record on Tuesday, November 26th will be given a dividend of 0.45 per share by the asset manager on Thursday, December 26th. This represents a $1.80 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Tuesday, November 26th.
Voya Financial has increased its dividend by an average of 26.0% per year over the last three years. Voya Financial has a dividend payout ratio of 18.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Voya Financial to earn $9.88 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 18.2%.
Shares of NYSE:VOYA traded down $0.33 during mid-day trading on Friday, reaching $79.97. 696,344 shares of the company were exchanged, compared to its average volume of 810,091. Voya Financial has a 1 year low of $63.11 and a 1 year high of $83.93. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.30 and a quick ratio of 0.30. The firm's 50-day simple moving average is $76.88 and its 200 day simple moving average is $73.17. The firm has a market cap of $7.86 billion, a price-to-earnings ratio of 10.58, a P/E/G ratio of 0.56 and a beta of 1.03.
Voya Financial (NYSE:VOYA - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The asset manager reported $2.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.14 by $0.13. The company had revenue of $2.03 billion for the quarter, compared to analyst estimates of $1.87 billion. Voya Financial had a net margin of 10.87% and a return on equity of 16.11%. The business's revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.31 earnings per share. Equities research analysts forecast that Voya Financial will post 8.28 EPS for the current year.
A number of brokerages recently issued reports on VOYA. Raymond James downgraded shares of Voya Financial from a "strong-buy" rating to a "market perform" rating in a research note on Friday, September 13th. JPMorgan Chase & Co. cut shares of Voya Financial from an "overweight" rating to a "neutral" rating and set a $87.00 price objective for the company. in a research report on Thursday, October 3rd. Wells Fargo & Company increased their target price on Voya Financial from $87.00 to $90.00 and gave the company an "overweight" rating in a report on Thursday, October 10th. Barclays lifted their price target on Voya Financial from $84.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, October 8th. Finally, Evercore ISI increased their price objective on Voya Financial from $79.00 to $82.00 and gave the company an "outperform" rating in a report on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $85.27.
Get Our Latest Report on Voya Financial
Voya Financial, Inc engages in the provision of workplace benefits and savings products in the United States and internationally. The company operates through three segments: Wealth Solutions, Health Solutions, and Investment Management. The Wealth Solutions segment offers full-service retirement products; recordkeeping services; stable value and fixed general account investment products; non-qualified plan administration services; and tools, guidance, and services to promote the financial well-being and retirement security of employees.
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