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

Voya Financial, Inc. (NYSE:VOYA) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Tuesday, May 26th will be paid a dividend of 0.47 per share by the asset manager on Friday, June 26th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Tuesday, May 26th.

Voya Financial has raised its dividend payment by an average of 0.2%per year over the last three years and has increased 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 $11.22 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 16.8%.

Voya Financial Price Performance

Voya Financial stock opened at $82.37 on Friday. The stock’s 50 day moving average is $74.13 and its 200 day moving average is $73.51. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.27 and a quick ratio of 0.27. The firm has a market cap of $7.47 billion, a P/E ratio of 12.44, a P/E/G ratio of 0.74 and a beta of 0.94. Voya Financial has a one year low of $64.50 and a one year high of $84.00.

Voya Financial (NYSE:VOYA) last posted its quarterly earnings data on Tuesday, May 5th. The asset manager reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.02 by $0.24. The company had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.98 billion. Voya Financial had a return on equity of 13.84% and a net margin of 8.24%.The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $2.00 earnings per share. As a group, research analysts expect that Voya Financial will post 9.61 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the company. Keefe, Bruyette & Woods dropped their price target on Voya Financial from $82.00 to $81.00 and set an “outperform” rating on the stock in a research note on Friday, April 10th. Morgan Stanley boosted their price target on Voya Financial from $84.00 to $92.00 and gave the company an “overweight” rating in a research note on Thursday. Weiss Ratings raised Voya Financial from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Evercore dropped their price target on Voya Financial from $90.00 to $88.00 and set an “outperform” rating on the stock in a research note on Wednesday, February 4th. Finally, Royal Bank Of Canada boosted their price target on Voya Financial from $87.00 to $91.00 and gave the company an “outperform” rating in a research note on Wednesday, May 13th. Eight equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Voya Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.40.

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.