Stock Analysis: ING Groep
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The merger of the Dutch postal bank and NN Insurance in 1991 created ING, founded in 1762 and is headquartered in Amsterdam, the Netherlands.
Through a series of further acquisitions, ING built up a global footprint.
The 2008 financial crisis forced ING to seek government support—a precondition of which was that ING should separate its banking and insurance activities, which saw ING revert to being solely a bank. ING has market-leading banking operations in the Netherlands and Belgium, and a range of digital banks across Europe and Australia.
Its global wholesale banking operation is primarily focused on lending.
Three key data points gauge ING Groep or any dividend paying entity, namely:
(1) Price
(2) Dividends
(3) Returns
Those keys also show if any company has made, is making, and will make money.
ING Price
ING Groep’s share price rose about 19.4% over the past year from $17.89 to $21.07 as of Tuesday’s closing price.
ING Dividends
ING Groep has paid variable semi- annual dividends since June 1996. The current forward looking annual dividend of $1.60 yields 7.59% per Tuesday’s $21.07closing price.
ING Returns
Putting it all together, a $3.23 estimated gross gain per share shows up when adding ING Groep ’s annual $1.60 dividend to an estimated $1.63 analyst estimated annual price gain, totaling that $3.23 gross gain.
A little under $1000 invested at the recent $21.07 price would buy 47.5 shares which, multiplies the $5.92 gross gain to $281.20.
Furthermore under 27% of that $280 gain comes from the $75.90 in dividends generated from a $1,000 investment, and the $75.90 amounts to over 3.6 times the recent $21.07 single-share price.
(A dividend dogcatcher rule is to never buy a stock that pays an annual dividend from $1000 invested that is lower than the cost of a single share.)
Therefore, you may choose to pounce on ING Group and its 7.59% dividend yield along with its 30 year dividend record.
The exact track of ING future prices and dividends will entirely be determined by market action and company finances.
Remember the best way to track stock performance and dividend payments is through direct ownership of company shares.
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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...
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