Dividend policy & payments
ING dividend policy
ING is committed to maintaining a healthy Group CET1 ratio above the prevailing fully-loaded requirement, plus a comfortable management buffer (to include Pillar 2 Guidance). ING aims to pay a progressive dividend.
The aim is to pay an interim dividend with our half year results, as well as a final dividend each year, both in cash. Dividend proposals will reflect considerations including expected future capital requirements, growth opportunities available to the Group, net earnings, and regulatory developments.
Payments per share represent gross amounts which are subject to Dutch dividend withholding tax. The full year dividend needs to be approved by the shareholders at the Annual General Meeting.
|Financial year||Dividend type||Amount (€)||Record date||Payment date|
|New York Stock Exchange (ADR holders*)|
|Financial year||Dividend type||Amount ($)||Record date||Payment date|
* ADR dividends are presented rounded to the second decimal. More information on American Depository Receipts and related dividends can be found at https://www.adr.com/drprofile/456837103. The applicable foreign exchange rate, and thus the final amount, is determined at the time of the dividend payment.
** In March 2020, ING Group announced that it would suspend any payment of dividends until 1 October 2020, following an industry-wide recommendation from the ECB. The ECB subsequently updated their recommendation at the end of July, extending the timeframe for suspension of dividend payments until 1 January 2021. ING is well capitalised, above regulatory requirements, but in line with the ECB’s recommendations, any dividend payment by ING will be delayed until after 1 January 2021.