ING U.S. Announces $0.01-per-Share Dividend

Financial services firm makes first quarterly payout.

By Rich Duprey – Jul 26, 2013 at 10:39PM EST

Financial services specialist ING U.S. (VOYA +0.40%) announced yesterday its third-quarter dividend of $0.01 per share, the first payout for the now-standalone company of which ING Group is the majority shareholder.

The board of directors said the quarterly dividend is payable on Oct. 1 to the holders of record at the close of business on Aug. 30.

The regular dividend payment equates to a $0.04-per-share annual dividend, yielding 0.1% based on the closing price today of VOYA's stock. It intends to rebrand itself as Voya Financial in the future.

Editor's note: A previous version of this article contained incorrect information on VOYA's dividend history.

link

Rich has been a Fool since 1998 and writing for the site since 2004. After 20 years of patrolling the mean streets of suburbia, he hung up his badge and gun to take up a pen full time. Having made the streets safe for Truth, Justice, and Krispy Kreme donuts, he now patrols the markets looking for companies he can lock up as long-term holdings in a portfolio. His coverage reflects his passion for motorcycles, booze, and guns (though not enjoyed all at the same time...usually), but his writing also covers the broader sectors of consumer goods, technology, and industrials. So follow along as he tries to break down complex topics to make them more understandable and useful to the average investor. Have a story idea? Contact Rich here. I may not be able to respond to every suggestion, but I do read them all! Does an article needs a correction? Reach Rich here.

TMFCop

ING U.S. Announces $0.01-per-Share Dividend

Read Next

About the Author

Stocks Mentioned

Premium Investing Services