Why Voya Financial (VOYA) is a Top Dividend Stock for Your Portfolio

Company Overview - Voya Financial (VOYA) is headquartered in New York and operates in the finance sector, specifically in retirement, investment, and insurance [3] - The stock has experienced a price change of 3.09% so far this year [3] Dividend Information - Voya Financial currently pays a dividend of $0.45 per share, resulting in a dividend yield of 2.54%, which is higher than the Insurance - Life Insurance industry's yield of 1.61% and the S&P 500's yield of 1.51% [3] - The annualized dividend of $1.80 represents a 5.9% increase from the previous year [4] - Over the last 5 years, Voya Financial has increased its dividend 4 times, achieving an average annual increase of 34.72% [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 - The Zacks Consensus Estimate for Voya's earnings in 2025 is projected to be $8.47 per share, reflecting a year-over-year growth rate of 37.28% [5] Investment Considerations - Voya Financial is considered a compelling investment opportunity due to its strong dividend profile and favorable growth prospects [6] - The stock is currently rated with a Zacks Rank of 3 (Hold), indicating a stable outlook [6]