Voya Financial Inc

Voya Financial's board of directors has declared a common stock dividend of $0.47 per share for the third quarter of 2026. The common stock dividend is payable on September 28, 2026, to shareholders of record as of August 26, 2026. The board also declared a semi-annual dividend of $38.79 per share on the company's Series A 7.758% fixed-rate reset non-cumulative preferred stock, and a quarterly dividend of $13.3750 per share on its Series B 5.35% fixed-rate reset non-cumulative preferred stock, equivalent to $0.334375 per depositary share. The preferred stock dividends are payable on September 15, 2026, to shareholders of record as of August 26, 2026.

Voya Financial edged higher by 2.3% after a report of informal takeover interest. The outreach is said to be informal, and there are no ongoing talks, according to a Semafor report that cited people familiar with the matter. Neither management nor the company's board is looking to do a deal. Principal Financial was one of the parties that expressed interest earlier this year, but nothing came of the approach. Principal did not return Semafor's request for comment, and Voya declined to comment.

Custody bank stocks delivered a strong first quarter, with the 16 companies tracked reporting aggregate revenues that beat analysts' consensus estimates by 2.5%. Voya Financial stood out with revenues of $1.93 billion, up 2.3% year on year and exceeding expectations by 15.4%, the largest beat in the group. Franklin Resources reported revenues of $2.29 billion, an 8.7% increase that topped estimates by 11.8%, while Hamilton Lane posted the slowest revenue growth with a 2.2% decline to $193.6 million, missing forecasts by 3.4%. T. Rowe Price saw revenues rise 4.8% to $1.86 billion but missed estimates by 1%, and Ameriprise Financial grew revenues 10.8% to $4.77 billion, beating by 2.1%. Share prices across the group have been resilient, rising 8.7% on average since the latest earnings results.

Voya Financial was added to the Russell 1000 Defensive and Russell 1000 Value-Defensive indices in late June 2026, while FuturePlan by Ascensus launched the PATH Pooled Employer Plan in collaboration with Voya, where Voya serves as recordkeeper and trustee. The index inclusions and the pooled employer plan partnership highlight Voya's expanding role in institutional retirement and workplace benefits markets. The PATH plan is a scalable pooled retirement solution that aligns with Voya's strategy to deepen employer relationships and broaden its retirement distribution. However, ongoing fee compression in retirement and asset management remains a key risk that could pressure margins.

FuturePlan by Ascensus has launched the PATH Pooled Employer Plan in collaboration with Voya Financial, bringing institutional retirement capabilities to mid- and large-market employers. PATH PEP combines Voya as recordkeeper and trustee, Mesirow as 3(38) investment fiduciary, and FuturePlan as pooled plan provider, TPA, and 3(16) administrative fiduciary. The plan offers open investment architecture and institutional governance, aiming to fill a gap in the pooled plan landscape for larger, more complex organizations. FuturePlan President Kasey Price stated the launch reflects where the retirement market is headed, extending pooled plan advantages with institutional-grade infrastructure and advisor flexibility. Voya Financial VP Christina Buettel noted the collaboration helps employers and advisors navigate complexity while maintaining flexibility and strong fiduciary practices.