ING announces shareholder distribution of up to €2.5 billion
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
Company Research
Source: GlobeNewswire
ING announces shareholder distribution of up to €2.5 billion ING announced today an additional shareholder distribution of up to €2.5 billion. The distribution consists of a share buyback programme for a maximum total amount of €2 billion and a cash dividend payment of €500 million. The purpose of the additional distribution is to converge our CET1 ratio towards our target of around 12.5%. ING Group’s CET1 ratio was 14.3% at the end of the third quarter of 2024, which is well above the prevailing CET1 ratio requirement of 10.71%. The additional distribution will have an expected pro-forma impact of approximately 76 bps on our CET1 ratio. The share buyback programme will commence on 31 October 2024 and is expected to end no later than 30 April 2025. The cash dividend will be paid on 16 January 2025. The ECB has approved the distribution, and the share buyback programme will be executed in compliance with the Market Abuse Regulation and within the limitations of the existing author
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- Progress on share buyback programmeGlobeNewswire
- Lorne Steinberg's Top Picks: Adobe,Becton, Dickinson and Co. and Techtronic Industries [BNN Bloomberg (Canada)]BNN Bloomberg
ING
Earnings
- 2/1/24 - Miss
ING
Sec Filings
- 11/19/24 - Form 6-K
- 11/12/24 - Form SC
- 11/12/24 - Form 6-K
- ING's page on the SEC website