Voya Financial increases common dividend and declares preferred stock dividends

Rhea-AI Summary

Voya Financial (NYSE: VOYA) has announced a 12.5% increase in its common stock dividend to $0.45 per share for the third quarter of 2024, payable on Sept. 26, 2024. The board also declared dividends on two preferred stock series: a semi-annual dividend of $38.79 per share on Series A 7.758% fixed-rate reset non-cumulative preferred stock, and a quarterly dividend of $13.3750 per share on Series B 5.35% fixed-rate reset non-cumulative preferred stock. Both preferred stock dividends are payable on Sept. 16, 2024. The record date for all dividends is Aug. 27, 2024.

Positive

• 12.5% increase in common stock dividend
• Consistent dividend payments on preferred stocks

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Voya Financial, Inc. (NYSE: VOYA) announced today that its board of directors has declared a 12.5% increase in the company’s common stock dividend to $0.45 per share from $0.40 per share for the third quarter of 2024. The common stock dividend is payable on Sept. 26, 2024, to shareholders of record as of Aug. 27, 2024.

Voya’s board also declared a semi-annual dividend of $38.79 per share on the company’s Series A 7.758% fixed-rate reset non-cumulative preferred stock (the “Series A Preferred Stock”). The board also declared a quarterly dividend of $13.3750 per share on the company’s Series B 5.35% fixed-rate reset non-cumulative preferred stock (the “Series B Preferred Stock”), equivalent to $0.334375 per depositary share, each of which represents a 1/40th ownership interest in a share of Series B Preferred Stock. Both preferred stock dividends are payable on Sept. 16, 2024, to shareholders of record as of Aug. 27, 2024.

About Voya Financial^®

Voya Financial, Inc. (NYSE: VOYA), is a leading health, wealth and investment company with approximately 9,000 employees who are focused on achieving Voya’s aspirational vision: “Clearing your path to financial confidence and a more fulfilling life.” Through products, solutions and technologies, Voya helps its 15.2 million individual, workplace and institutional clients become well planned, well invested and well protected. Benefitfocus, a Voya company and a leading benefits administration provider, extends the reach of Voya’s workplace benefits and savings offerings by engaging directly with over 12 million employees in the U.S. Certified as a “Great Place to Work” by the Great Place to Work^® Institute, Voya is purpose-driven and committed to conducting business in a way that is economically, ethically, socially and environmentally responsible. Voya has earned recognition as: one of the World’s Most Ethical Companies® by Ethisphere; a member of the Bloomberg Gender-Equality Index; and 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 Instagram.

VOYA-IR VOYA-CF

View source version on businesswire.com: https://www.businesswire.com/news/home/20240725956289/en/

Media Contact:

Donna Sullivan

(860) 580-2980

Donna.Sullivan@voya.com

Investor Contact:

Michael Katz

(212) 309-8999

IR@voya.com

Source: Voya Financial, Inc.

FAQ

What is the new common stock dividend for Voya Financial (VOYA) in Q3 2024?

Voya Financial (VOYA) has increased its common stock dividend to $0.45 per share for the third quarter of 2024, up from $0.40 per share.

When will Voya Financial (VOYA) pay its Q3 2024 common stock dividend?

Voya Financial (VOYA) will pay its Q3 2024 common stock dividend on September 26, 2024, to shareholders of record as of August 27, 2024.

What are the dividend details for Voya Financial's (VOYA) preferred stocks?

Voya Financial (VOYA) declared a semi-annual dividend of $38.79 per share on Series A preferred stock and a quarterly dividend of $13.3750 per share on Series B preferred stock, both payable on September 16, 2024.

By what percentage did Voya Financial (VOYA) increase its common stock dividend?

Voya Financial (VOYA) increased its common stock dividend by 12.5%, from $0.40 per share to $0.45 per share.