Dividend and distibution policy
Distribution 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). At the same time, ING aims to offer a sustainable and attractive return to shareholders.
As announced on November 5th 2020, ING’s distribution policy is to pay-out 50% of resilient net profit (excluding extraordinary items). The 50% pay-out may be in the form of cash, or a combination of cash and share repurchases.
The aim is to pay an interim dividend in cash with our half year results. The exact form and level of the final distribution will be subject to approval by the shareholders at the Annual General Meeting. Distribution proposals will reflect considerations that are relevant to a capital plan, including expected future capital requirements, growth opportunities available to the Group and regulatory developments. Furthermore, the execution of this policy will comply with prevailing ECB recommendations on shareholder distributions.
Payments per share represent gross amounts which are subject to Dutch dividend withholding tax.
| Euronext Amsterdam | ||||
| Financial year | Dividend type | Amount (€) | Record date | Payment date |
| 2020 | Interim | 0.12 | 17/02/2021 | 24/02/2021 |
| Final | TBD** | TBD | TBD | |
| Total | TBD** | |||
| 2019 | Interim | 0.24 | 06/08/2019 | 12/08/2019 |
| Final | TBD** | TBD | TBD | |
| Total | TBD** | |||
| 2018 | Interim | 0.24 | 07/08/2018 | 14/08/2018 |
| Final | 0.44 | 26/04/2019 | 02/05/2019 | |
| Total | 0.68 | |||
| 2017 | Interim | 0.24 | 07/08/2017 | 14/08/2017 |
| Final | 0.43 | 26/04/2018 | 03/05/2018 | |
| Total | 0.67 | |||
| 2016 | Interim | 0.24 | 08/08/2016 | 15/08/2016 |
| Final | 0.42 | 11/05/2017 | 18/05/2017 | |
| Total | 0.66 | |||
| 2015 | Interim | 0.24 | 10/08/2015 | 17/08/2015 |
| Final | 0.41 | 28/04/2016 | 04/05/2016 | |
| Total | 0.65 | |||
| 2014 | Interim | - | - | - |
| Final | 0.12 | 14/05/2015 | 21/05/2015 | |
| Total | 0.12 | |||
| New York Stock Exchange (ADR holders*) | ||||
| Financial year | Dividend type | Amount ($) | Record date | Payment date |
| 2020 | Interim | TBD* | 24/02/2021 | 03/03/2021 |
| Final | TBD* | TBD | TBD | |
| Total | TBD* | |||
| 2019 | Interim | 0.27 | 12/08/2019 | 19/08/2019 |
| Final | TBD** | TBD | TBD | |
| Total | TBD** | |||
| 2018 | Interim | 0.27 | 13/08/2018 | 21/08/2018 |
| Final | 0.49 | 26/04/2019 | 09/05/2019 | |
| Total | 0.76 | |||
| 2017 | Interim | 0.28 | 14/08/2017 | 21/08/2017 |
| Final | 0.51 | 26/04/2018 | 11/05/2018 | |
| Total | 0.79 | |||
| 2016 | Interim | 0.27 | 15/08/2016 | 22/08/2016 |
| Final | 0.47 | 11/05/2017 | 25/05/2017 | |
| Total | 0.74 | |||
| 2015 | Interim | 0.27 | 17/08/2015 | 24/08/2015 |
| Final | 0.47 | 28/04/2016 | 11/05/2016 | |
| Total | 0.74 | |||
| 2014 | Interim | - | - | - |
| Final | 0.13 | 14/05/2015 | 29/05/2015 | |
| Total | 0.13 | |||
* 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 updated their recommendation in December 2020. ING will adhere to the prevailing ECB recommendation to limit distributions, which will remain valid until 30 September 2021.