Voya Financial, Inc.
VOYAFinancial Services · Financial Conglomerates · Stock · quarterly payer
Forward Yield
2.00%
Annual Dividend
$1.88
Payout Ratio
31%
5-Yr Growth
24.8%
Ex-Date
Aug 26, 2026
Frequency
Quarterly
Key facts about VOYA's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Voya Financial, Inc. (VOYA) has a forward dividend yield of 2.00%, based on an annual dividend of $1.88 per share and a share price of $94.01.
- As of Oct 18, 2026, VOYA's dividend safety grade from SmarterDividends is A (87 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Voya Financial, Inc. (VOYA) has raised its dividend for 7 consecutive years as of Oct 18, 2026.
- VOYA has never cut its regular dividend in the payment history SmarterDividends has on record.
- VOYA's most recent ex-dividend date was Aug 26, 2026, for a dividend of $0.47 per share.
- As of Oct 18, 2026, VOYA pays out 31% of its trailing 12-month earnings as dividends (its payout ratio).
- VOYA's dividend has grown at an average rate of 24.8% a year over the past five years.
- As of Oct 18, 2026, VOYA's 2.00% yield is 12% above its five-year average yield of 1.78%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for VOYA is $96.21 per share, 2% above the $94.01 share price, so VOYA screens as fairly valued.
- Voya Financial, Inc. (VOYA) pays its dividend quarterly, 4 times a year.
- Voya Financial, Inc. (VOYA) has raised its regular dividend 6 times and cut it 0 times across the 53 payments on record since 2013. Its most recent change was a 4.4% increase to $0.470 per share, going ex-dividend on Nov 26, 2025.
Cite this page
SmarterDividends, "VOYA Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/VOYA
Summary
As of Oct 18, 2026, Voya Financial, Inc. (VOYA) yields 2.00% ($1.88 a year per share), has a dividend safety grade of A (87/100) and has 7 consecutive years of dividend increases on record.
Is VOYA a good dividend stock?
YesVoya Financial, Inc. (VOYA) pays a quarterly dividend yielding 2.00% ($1.88/yr), with 7 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (31%)
- Strong 24.8% 5-yr dividend growth
- 51% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.00%
- Payout Ratio
- 31%
- Annual Dividend
- $1.88
- 5-Yr Avg Growth
- 24.8%
- Ex-Dividend Date
- Aug 26, 2026
- Years of Growth
- 7
- Frequency
- quarterly
- Beta
- 0.89
- Market Cap
- $8.5B
- P/E Ratio
- 15.8
- 5-Yr Total Return
- 51%
- 52-Week Range
- $64.50 – $105.64
- Dividend Safety
- A · 87/100
- Ever Cut?
- No
VOYA dividend raises and cuts
Voya Financial, Inc. (VOYA) has raised its regular dividend 6 times and cut it 0 times across the 53 payments on record since 2013. Its most recent change was a 4.4% increase to $0.470 per share, going ex-dividend on Nov 26, 2025.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Nov 26, 2025 | Raise | $0.450 → $0.470 | +4.4% |
| Aug 27, 2024 | Raise | $0.400 → $0.450 | +12.5% |
| Aug 25, 2023 | Raise | $0.200 → $0.400 | +100.0% |
| Nov 26, 2021 | Raise | $0.165 → $0.200 | +21.2% |
| Feb 25, 2021 | Raise | $0.150 → $0.165 | +10.0% |
| Aug 28, 2019 | Raise | $0.0100 → $0.150 | +1400.0% |
Frequently Asked Questions
Is VOYA a good dividend stock?
Yes. Voya Financial, Inc. (VOYA) pays a quarterly dividend yielding 2.00% ($1.88/yr), with 7 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is VOYA undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, VOYA's fair value is about $96.21 versus a $94.01 share price — so it looks fairly valued (+2% vs. fair value).
Is VOYA's dividend safe?
VOYA has a dividend-safety grade of A (87/100), based on its payout coverage, free-cash-flow, 7-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is VOYA's fair value?
Our blended fair-value estimate for VOYA is about $96.21 per share, roughly 2% above the current $94.01 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is VOYA a buy, hold, or sell?
We don't issue formal ratings, but on the data VOYA screens as "yes" and fairly valued. Voya Financial, Inc. (VOYA) pays a quarterly dividend yielding 2.00% ($1.88/yr), with 7 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will VOYA cut its dividend?
VOYA earns a dividend-safety grade of A (87/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does VOYA pay a dividend?
Yes. Voya Financial, Inc. pays a quarterly dividend of about $1.88 per share annually, a forward yield of roughly 2.00%.
What is VOYA's dividend yield?
As of Oct 18, 2026, VOYA's forward dividend yield is 2.00%, based on a $1.88 annual dividend and a $94.01 share price.
What is VOYA's dividend per share?
As of Oct 18, 2026, VOYA pays $1.88 per share per year, distributed on a quarterly basis.
What is VOYA's dividend payout ratio?
As of Oct 18, 2026, VOYA's payout ratio is 31% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has VOYA grown its dividend?
As of Oct 18, 2026, VOYA has increased its dividend for 7 consecutive years.
When is the next VOYA ex-dividend date?
As of Oct 18, 2026, VOYA's next ex-dividend date hasn't been announced. The most recent was Aug 26, 2026, for $0.47 per share.
VOYA Price — Last 12 Months
Daily close
Price Return
1 Year
+34%
3 Years
+31%
5 Years
+51%
52-Week Range
$64.50 – $105.64
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is VOYA worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Voya Financial, Inc. is $96.21 per share, versus a market price of $94.01. That implies the stock is roughly fairly priced.
Fair Value
$96.21
Current Price
$94.01
Gap
+2%
Margin of Safety
2%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.8% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $5.94 EPS, $1.88 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
VOYA Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full VOYA dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 26, 2026 | Sep 28, 2026 | $0.4700 | regular |
| May 26, 2026 | Jun 26, 2026 | $0.4700 | regular |
| Feb 25, 2026 | Mar 27, 2026 | $0.4700 | regular |
| Nov 26, 2025 | Dec 29, 2025 | $0.4700 | regular |
| Aug 26, 2025 | Sep 26, 2025 | $0.4500 | regular |
| May 27, 2025 | Jun 26, 2025 | $0.4500 | regular |
| Feb 25, 2025 | Mar 27, 2025 | $0.4500 | regular |
| Nov 26, 2024 | Dec 26, 2024 | $0.4500 | regular |
| Aug 27, 2024 | Sep 26, 2024 | $0.4500 | regular |
| May 24, 2024 | Jun 26, 2024 | $0.4000 | regular |
| Feb 23, 2024 | Mar 27, 2024 | $0.4000 | regular |
| Nov 24, 2023 | Dec 27, 2023 | $0.4000 | regular |
| Aug 25, 2023 | Sep 27, 2023 | $0.4000 | regular |
| May 25, 2023 | Jun 28, 2023 | $0.2000 | regular |
Income Calculator
At $1.88 / yr per share
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