Voya Financial (STU:V0Y) Dividend Payout Ratio: 0.21 (As of Mar. 2026) — 62% Above Median


STU:V0Y Voya Financial Inc STU:V0Y
78 GF Score
Price €85.50
GF Value €71.17
Valuation Modestly Overvalued
! 8 Warning Signs
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What is Voya Financial Dividend Payout Ratio?

Voya Financial STU:V0Y +1.79% 78 Dividend Payout Ratio is 0.21 as of Mar. 2026, which is 62% above its 10-year median of 0.13. GuruFocus rates STU:V0Y with a GF Score™ of 78/100 and a GF Value™ of €71.17 (Modestly Overvalued). The stock has 8 warning signs investors should review. Among 42 Diversified Financial Services companies, Voya Financial ranks better than 78.57% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Voya Financial's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.21.

The historical rank and industry rank for Voya Financial's Dividend Payout Ratio or its related term are showing as below:

STU:V0Y' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.01   Med: 0.13   Max: 0.27
Current: 0.2

During the past 13 years, the highest Dividend Payout Ratio of Voya Financial was 0.27. The lowest was 0.01. And the median was 0.13.

STU:V0Y's Dividend Payout Ratio is ranked better than
78.57% of 42 companies
in the Diversified Financial Services industry
Industry Median: 0.44 vs STU:V0Y: 0.20

As of today (2026-07-11), the Dividend Yield % of Voya Financial is 1.88%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Voya Financial was 3.10%. The lowest was 0.07%. And the median was 1.04%.

Voya Financial's Dividends per Share for the months ended in Mar. 2026 was €0.41.

During the past 12 months, Voya Financial's average Dividends Per Share Growth Rate was 5.10% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 31.50% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 28.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 59.10% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Voya Financial was 159.00% per year. The lowest was 0.00% per year. And the median was 33.10% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Voya Financial (STU:V0Y) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Voya Financial Dividend Payout Ratio Related Terms

Voya Financial Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Voya Financial's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Voya Financial Dividend Payout Ratio Chart

Voya Financial Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.11 0.15 0.24 0.21

Voya Financial Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.21 0.19 0.18 0.24 0.21

STU:V0Y vs FRHC, HTH, TMS: Dividend Payout Ratio Comparison

For the Financial Conglomerates subindustry, Voya Financial's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Voya Financial Dividend Payout Ratio vs Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Voya Financial's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Voya Financial's Dividend Payout Ratio falls into.


STU:V0Y
78GF Score
Voya Financial Inc STU:V0Y
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Voya Financial Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Voya Financial's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=1.554/ 7.558
=0.21

Voya Financial's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0.407/ 1.955
=0.21

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.21 mean?
Voya Financial (STU:V0Y) has a Dividend Payout Ratio of 0.21 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Voya Financial and its competitors. This is 62% above median its historical median of 0.13. Over the past decade, Voya Financial's Dividend Payout Ratio has ranged from 0.01 to 0.27. According to the industry distribution chart, Voya Financial ranks #9 out of 42 companies in the Diversified Financial Services industry, placing it in the top 21.4%.
Is Voya Financial's Dividend Payout Ratio too high?
Voya Financial's current Dividend Payout Ratio of 0.21 is 62% above median its 10-year median of 0.13. Over the past 10 years, this metric has ranged from a low of 0.01 to a high of 0.27. The Diversified Financial Services industry median Dividend Payout Ratio is 0.44. Voya Financial's value of 0.21 is 52.3% below this industry median. Based on the distribution chart, Voya Financial ranks #9 out of 42 companies in the Diversified Financial Services industry, which is in the top quartile — a strong position relative to peers. Overall, Voya Financial has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Voya Financial's Dividend Payout Ratio compare to FRHC and HTH?
According to the Diversified Financial Services industry distribution chart, Voya Financial ranks #9 out of 42 companies for Dividend Payout Ratio. This places Voya Financial in the top 21% of its industry — outperforming the majority of peers. The industry median Dividend Payout Ratio is 0.44. Voya Financial's value of 0.21 is 52.3% below this benchmark. Historically, Voya Financial's own Dividend Payout Ratio has ranged from 0.01 to 0.27 over the past decade. While the company's 10-year median is 0.13 vs. the industry median of 0.44, Voya Financial has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Diversified Financial Services company?
The median Dividend Payout Ratio among Diversified Financial Services companies is 0.44, based on 42 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Voya Financial's current Dividend Payout Ratio of 0.21 is 52.3% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Voya Financial and its competitors. For the Diversified Financial Services industry, the median Dividend Payout Ratio is 0.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Voya Financial's current Dividend Payout Ratio is 0.21, which is 62% above median its own 10-year median of 0.13. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voya Financial stock overvalued right now?
Based on GuruFocus' analysis, Voya Financial (STU:V0Y) is currently considered Modestly Overvalued. The stock's GF Value™ is €71.17, compared to a current price of €85.50 — trading 20.1% above its estimated fair value. The current Dividend Payout Ratio is 0.21, which is 62% above median its 10-year median of 0.13 and 52.3% below the Diversified Financial Services industry median of 0.44. Voya Financial's overall GF Score™ is 78/100 with 8 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Voya Financial (STU:V0Y), the current Dividend Payout Ratio is 0.21 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Voya Financial (STU:V0Y) Overvalued in 2026?

Based on GuruFocus' analysis, Voya Financial stock appears to be overvalued. The current stock price of €85.50 is trading 20.1% above its estimated GF Value™ of €71.17. GuruFocus considers Voya Financial to be Modestly Overvalued.

Key valuation signals for STU:V0Y:

  • Dividend Payout Ratio: 0.21 (62% above median its 10-year median of 0.13)
  • GF Value™: €71.17 vs. price of €85.50 (20.1% above fair value)
  • GF Score™: 78/100 with 8 warning signs
  • Industry Position: 52.3% below the Diversified Financial Services median (#9 of 42)

No single metric tells the full story. See the STU:V0Y stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Voya Financial Business Description

Other Exchanges VOYApB.PFD:USAVOYA:USA
Address 200 Park Avenue, New York, NY, USA, 10166
Voya Financial Inc is a financial services company, which, through its subsidiaries, provides various investment, insurance, and retirement solutions to individual and institutional clients in the United States. Its products and services include tax savings plans, individual retirement accounts, group life insurance plans, and employee benefits products, among others. The company tailors each of its products to the needs of its customer base. It operates its business through three principal lines: Retirement, Investment Management and Employee Benefits.The majority revenue is from Retirement segment.
78GF Score

Get the complete analysis for STU:V0Y

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€85.50
Price
€71.17
GF Value