In a move sure to delight shareholders, Voya Financial, Inc.(NYSE: VOYA) has announced a significant increase in its common stock dividend for the third quarter of 2024.The company’s board of directors have approved a 12.5% uptick in the dividend, raising it to $0.45 per share from $0.40 per share.This news comes on the heels of Voya Equity Closed-End Fund declaring a monthly distribution, adding to the positive momentum for the financial services company.
The decision to increase the common stock dividend reflects Voya’s strong financial performance and commitment to returning value to its investors.Shareholders can look forward to receiving the higher dividend on Sept.26, 2024, with the record date set at Aug.27, 2024.This move is poised to attract more investors and bolster confidence in Voya’s ability to deliver consistent returns.
In addition to the common stock dividend increase, Voya’s board has 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.This indicates that Voya is focused on rewarding all of its shareholders, including those holding preferred stocks.
The announcement comes at a time when Voya is on a positive trajectory, with strong financials and a solid investment strategy.The company’s commitment to delivering value to its shareholders is evident in these recent dividend declarations.Investors can be reassured of Voya’s stability and growth potential, making it an attractive option in the financial services sector.
Overall, Voya Financial’s decision to increase its common stock dividend and declare a semi-annual dividend on its preferred stock reflects the company’s robust performance and shareholder-friendly approach.These moves are expected to enhance investor confidence and drive further growth for Voya in the coming quarters.
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