STOCK TITAN

Voya Financial announces adjustment to exercise price of warrants issued pursuant to the warrant agreement, dated May 7, 2013

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

On Sept. 29, 2021, Voya Financial (NYSE: VOYA) paid a quarterly dividend of $0.165 per share on its common stock. This payment led to an adjustment in the exercise price of its Warrants from $47.73 to $47.62 per share. Additionally, the number of shares each Warrant is exercisable for was changed to 1.002359604. These adjustments are effective from Sept. 29, 2021.

Voya Financial reported $7.6 billion in revenue for 2020 and has $721 billion in total assets under management as of June 30, 2021.

Positive
  • Quarterly dividend of $0.165 per share signals consistent cash flow.
  • Adjustment in Warrant exercise price may enhance attractiveness to investors.
Negative
  • None.

NEW YORK--(BUSINESS WIRE)-- On Sept. 29, 2021, Voya Financial, Inc. (NYSE:VOYA) paid a quarterly dividend of $0.165 per share on its common stock, par value $0.01 per share (“Common Stock”). As a consequence, the exercise price of the Warrants to purchase shares of Common Stock (the “Warrants”), issued pursuant to the Warrant Agreement dated May 7, 2013 (the “Warrant Agreement”), has been adjusted, in accordance with Section 6.01 of the Warrant Agreement, from $47.73 to $47.62 per share of Common Stock for which a Warrant is exercisable. In accordance with Section 6.02 of the Warrant Agreement, the number of shares of Common Stock for which each Warrant is exercisable has been adjusted to 1.002359604. The foregoing adjustments are each effective as of Sept. 29, 2021.

About Voya Financial®

Voya Financial, Inc. (NYSE: VOYA), provides health, wealth and investment solutions that enable its approximately 14.8 million individual, workplace and institutional clients to achieve their financial wellness goals with confidence. With a vision to be America’s Retirement Company®, Voya’s products, solutions and digital capabilities help create a better financial future for all. Voya is a Fortune 500 company that had $7.6 billion in revenue in 2020 and $721 billion in total assets under management and administration as of June 30, 2021. Certified as a “Great Place to Work” by the Great Place to Work® Institute, Voya is equally committed to conducting business in a way that is socially, environmentally, economically and ethically responsible. Voya has earned recognition as one of the World’s Most Ethical Companies® by the Ethisphere Institute; as the No. 1-ranked financial services firm among Barron’s 100 Most Sustainable Companies for three consecutive years; as a member of the Bloomberg Gender Equality Index; and as a “Best Place to Work for Disability Inclusion” on the Disability Equality Index. For more information, visit voya.com. Follow Voya Financial on Facebook, LinkedIn and Twitter @Voya.

VOYA-IR VOYA-CF

Media:

Christopher Breslin

(212) 309-8941

Christopher.Breslin@voya.com

Investor:

Michael Katz

(212) 309-8999

IR@voya.com

Source: Voya Financial, Inc.

FAQ

What was the recent dividend paid by Voya Financial (NYSE: VOYA)?

On September 29, 2021, Voya Financial paid a quarterly dividend of $0.165 per share.

How did the dividend affect Voya Financial's Warrants?

The exercise price of the Warrants was adjusted from $47.73 to $47.62 per share, effective September 29, 2021.

What were Voya Financial's revenue figures for 2020?

Voya Financial reported $7.6 billion in revenue for the year 2020.

What are Voya Financial's total assets under management as of June 30, 2021?

Voya Financial had $721 billion in total assets under management as of June 30, 2021.

VOYA FINANCIAL, INC.

NYSE:VOYA

VOYA Rankings

VOYA Latest News

VOYA Stock Data

8.21B
95.87M
0.33%
101.84%
2.1%
Financial Conglomerates
Life Insurance
Link
United States of America
NEW YORK