Wednesday, May 27, 2015

ING: At Least 10% Upside Potential And A 7.5% Dividend Yield Is Coming

[Full Article Here]

In one of my articles I already had a look at ING's dividend yield and payout ratio. ING recently reported quarter results and instead of looking at the financial results I prioritized analysing the earnings transcript and looked for more clues about elevated dividend payout ratios. The articles that has been linked above (and below) shows an indepth analysis of the transcript and what investors can expect. Below the most important conclusions have been summarized

Summary

  • ING's strong Tier-1 capital ratio allows the company to return proceedings from its divestment program to shareholders
  • Based on a conservative price multiple there is another 10% upside potential
  • The dividend yield is expected to climb to 7.5%.

[Full Article Here]

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