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ING Group announces 98.21% dividend increase for 2023
Stoxx Europe 50 value ING Group share: As a shareholder, you can look forward to the dividend distribution from ING Group. Find out all the details here! #INGGroup #Dividend #Financial News
ING Group announces 98.21% dividend increase for 2023
A look at the dividend calendar shows that ING Group shareholders can look forward to a distribution in their dividend portfolio. At the general meeting of the Stoxx Europe 50 company ING Group on April 22, 2024, a dividend of EUR 1.11 was approved for 2023. This marks an increase of 98.21 percent compared to the previous year. The total distribution to shareholders amounts to EUR 2.97 billion, which corresponds to a decrease of 4.07 percent compared to the previous year.
The ING Group share closed at EUR 15.36 in asx trading on the day of the general meeting. Today is ex-dividend day, meaning the stock is trading at a dividend discount. This can have a negative impact on the share price before the dividend is distributed to investors. ING Group's dividend yield for 2023 is 8.18 percent, an increase of 4.91 percent compared to the previous year.
Over a period of 5 years, the ING Group share price rose by 30.92 percent. The actual return, which includes the price and the dividend, increased by 248.24 percent and thus significantly exceeded the pure price development. For 2024, FactSet experts forecast a reduction in the dividend to EUR 0.96, which would lead to an expected dividend yield of 6.34 percent.
The market capitalization of the ING Group is currently EUR 48.372 billion. The price-earnings ratio is 11.64. In 2023, ING Group achieved sales of EUR 60.194 billion and EPS of EUR 1.16. These key data provide insight into ING Group's financial performance and the stock's attractiveness to potential investors.