Dividend Policy & Payments
As stated in our Ambition 2017 targets, ING is committed to returning capital to shareholders through a sustainable dividend policy. Effective from 2015, ING intends to pay a minimum of 40% of ING Group’s annual net profits by way of dividend. ING aims to pay an interim dividend with its half year results, as well as a final dividend each year.
Furthermore, a proposal may be made to return additional capital to shareholders at the end of each financial year.
Dividend proposals will reflect considerations including expected future capital requirements, growth opportunities available to the Group, the net earnings of the Group, and regulatory approvals as appropriate.
On 11 May 2015, the Annual General Meeting of Shareholders approved the Board proposal to pay a final 2014 dividend of EUR 470 million, or EUR 0.12 per (depositary receipt for an) ordinary share. The EUR 0.12 payment per share represents a gross amount which is subject to Dutch withholding tax.
On 5 August 2015, ING Group declared an interim 2015 dividend of EUR 922 million, or EUR 0.24 per (depositary receipt for an) ordinary share, equal to 40% of the underlying net result of ING Group realised in the first half of 2015. The EUR 0.24 payment per share represents a gross amount which is subject to Dutch withholding tax.