ING Groep Announces Dividend Payment of €0.35 per Share, Payout Ratio at 69%

ING Groep has announced a dividend of €0.35 per share, with an annual payment of 5.4% of the current stock price, in line with the industry average. The company has a long history of paying dividends, with a payout ratio of 69% and forecast EPS growth of 72.8% over the next 3 years. The dividend has grown at a compound annual growth rate of 24% since 2015, but with some cuts in the past. Despite this, earnings per share have grown at 10% per year over the past five years, and the company is generating plenty of cash.