Voya Financial, Inc.
VOYAFinancial Services · Stock · quarterly payer
Forward Yield
1.92%
Annual Dividend
$1.88
Payout Ratio
31%
5-Yr Growth
24.8%
Ex-Date
Aug 26, 2026
Frequency
Quarterly
Summary
As of August 2026, Voya Financial, Inc. (VOYA) yields 1.92% ($1.88 per share annually), with a blended fair-value estimate of $120.20 — +23% upside, so it screens as undervalued. Dividend safety grade: A (87/100). 7 years of dividend growth.
Is VOYA a good dividend stock?
YesVoya Financial, Inc. (VOYA) pays a quarterly dividend yielding 1.92% ($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
- 59% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 1.92%
- 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
- $9.0B
- P/E Ratio
- 16.5
- 5-Yr Total Return
- 59%
- 52-Week Range
- —
- Dividend Safety
- A · 87/100
- Ever Cut?
- No
Frequently Asked Questions
VOYA Price — Last 12 Months
Daily close
Price Return
1 Year
+31%
3 Years
+47%
5 Years
+59%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is VOYA worth?
Undervaluedlow confidenceOur blended fair-value estimate for Voya Financial, Inc. is $120.20 per share, versus a market price of $97.76. That implies 23% of upside — a margin of safety of about 19%.
Fair Value
$120.20
Current Price
$97.76
Upside
+23%
Margin of Safety
19%
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), 20.0% stage-1 growth, 2.5% terminal growth, $5.93 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 26, 2026 | — | $0.4700 | regular |
| Feb 25, 2026 | — | $0.4700 | regular |
| Nov 26, 2025 | — | $0.4700 | regular |
| Aug 26, 2025 | — | $0.4500 | regular |
| May 27, 2025 | — | $0.4500 | regular |
| Feb 25, 2025 | — | $0.4500 | regular |
| Nov 26, 2024 | — | $0.4500 | regular |
| Aug 27, 2024 | — | $0.4500 | regular |
| May 24, 2024 | — | $0.4000 | regular |
| Feb 23, 2024 | — | $0.4000 | regular |
| Nov 24, 2023 | — | $0.4000 | regular |
| Aug 25, 2023 | — | $0.4000 | regular |
| May 25, 2023 | — | $0.2000 | regular |
| Feb 23, 2023 | — | $0.2000 | regular |
Income Calculator
At $1.88 / yr per share
