Voya Prime Rate Trust Declares Monthly Dividend of $0.02 (NYSE:PPR)
Voya Prime Rate Trust (NYSE:PPR) declared a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Tuesday, December 10th will be given a dividend of 0.0232 per share by the investment management company on Monday, December 23rd. This represents a $0.28 dividend on an annualized basis and a yield of 5.73%. The ex-dividend date is Monday, December 9th.
NYSE:PPR opened at $4.86 on Friday. The stock’s 50 day moving average price is $4.80 and its two-hundred day moving average price is $4.75. Voya Prime Rate Trust has a 12-month low of $4.39 and a 12-month high of $4.90.
In other Voya Prime Rate Trust news, major shareholder Saba Capital Management, L.P. bought 286,144 shares of Voya Prime Rate Trust stock in a transaction dated Friday, October 11th. The stock was bought at an average cost of $4.68 per share, for a total transaction of $1,339,153.92. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have bought a total of 4,647,224 shares of company stock valued at $22,155,796 over the last quarter.
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.
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