Voya Financial (VOYA) is a Top Dividend Stock Right Now: Should You Buy?

Company Overview - Voya Financial (VOYA) is based in New York and operates in the Finance sector, with a year-to-date share price change of -1.21% [3] - The company currently pays a dividend of $0.45 per share, resulting in a dividend yield of 2.71%, which is higher than the Insurance - Life Insurance industry's yield of 1.81% and the S&P 500's yield of 1.58% [3] Dividend Performance - Voya Financial's annualized dividend of $1.80 has increased by 5.9% from the previous year [4] - Over the past five years, the company has raised its dividend four times, achieving an average annual increase of 33.16% [4] - The current payout ratio is 22%, indicating that Voya paid out 22% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year, Voya Financial anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 projected at $8.36 per share, reflecting a year-over-year growth rate of 35.49% [5] Investment Appeal - Voya Financial is considered a compelling investment opportunity due to its attractive dividend and strong Zacks Rank of 2 (Buy) [7]