Voya Prime Rate Trust (PPR) to Issue Monthly Dividend of $0.02 on January 11th
Voya Prime Rate Trust (NYSE:PPR) announced a monthly dividend on Thursday, December 21st, Wall Street Journal reports. Stockholders of record on Friday, December 29th will be given a dividend of 0.022 per share by the investment management company on Thursday, January 11th. This represents a $0.26 annualized dividend and a dividend yield of 5.19%. The ex-dividend date is Thursday, December 28th. This is a positive change from Voya Prime Rate Trust’s previous monthly dividend of $0.02.
Voya Prime Rate Trust has decreased its dividend by an average of 9.3% per year over the last three years.
Voya Prime Rate Trust (PPR) traded down $0.01 during trading on Wednesday, hitting $5.09. 249,445 shares of the stock traded hands, compared to its average volume of 418,434. Voya Prime Rate Trust has a 52 week low of $4.97 and a 52 week high of $5.62.
About Voya Prime Rate Trust
Voya Prime Rate Trust (the Trust) is a diversified, closed-end management investment company. The Trust seeks to provide investors with as high a level of current income as is consistent with the preservation of capital. The Trust seeks to achieve this objective by investing, under normal market conditions, approximately 80% of its net assets, plus borrowings for investment purposes, in United States dollar denominated floating rate secured senior loans.
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