Purchase 50 shares ING Group

ing group logo

ING Group is my 3rd purchase of the month. I bought 50 shares of ING Group against a price of €11,61. I now own 100 shares ING with an average purchase price of €12,75. With this purchase I added €33,50 to my yearly estimated dividend income. My yield on cost of this position in my portfolio is now 5,25%.

ING Groups share price dropped lately due to a €775 million fine regarding having lax policies regarding money laundering and due to being the Dutch bank with the largest exposure to Turkey. ING Group is down 30% this year. The current dividend yield is 5,77% and I decided to add 50 shares against the current price.

2 thoughts on “Purchase 50 shares ING Group”

  1. I have been looking at ING the pst few months, but for me there is maybe slightly too much risk right now. I’ll wait a couple months or years before I’ll get in. Great dividend yield though and I truely hope they’ll sustain it!

    DI

    1. True. It’s the reason why I only make a small purchase. Still I have the idea that the bad news is priced in now. So thats why I make a small addition to this position.

Leave a Reply

Your email address will not be published. Required fields are marked *