Voya Prime Rate Trust (PPR) to Issue Monthly Dividend of $0.02 on October 22nd
Voya Prime Rate Trust (NYSE:PPR) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Shareholders of record on Thursday, October 10th will be given a dividend of 0.024 per share by the investment management company on Tuesday, October 22nd. This represents a $0.29 annualized dividend and a yield of 6.09%. The ex-dividend date is Wednesday, October 9th.
Voya Prime Rate Trust has decreased its dividend payment by an average of 5.1% per year over the last three years.
NYSE PPR traded up $0.02 on Thursday, hitting $4.73. 36,795 shares of the stock were exchanged, compared to its average volume of 359,847. Voya Prime Rate Trust has a fifty-two week low of $4.39 and a fifty-two week high of $4.95. The company has a 50-day moving average price of $4.68 and a 200-day moving average price of $4.76.
Voya Prime Rate Trust is a closed-ended fixed income mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and Voya Investment Management Co LLC. It invests in the fixed income markets of the United States. The fund seeks to invest in securities of companies operating across diversified sectors.
See Also: S&P 500 Index
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