Voya Prime Rate Trust to Issue Monthly Dividend of $0.03 (NYSE:PPR)
Voya Prime Rate Trust (NYSE:PPR) announced a monthly dividend on Monday, July 3rd, Wall Street Journal reports. Investors of record on Monday, July 10th will be given a dividend of 0.025 per share by the investment management company on Monday, July 24th. This represents a $0.30 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend is Thursday, July 6th.
Voya Prime Rate Trust has decreased its dividend by an average of 9.3% annually over the last three years.
Voya Prime Rate Trust (PPR) remained flat at $5.38 during mid-day trading on Monday. 252,564 shares of the company’s stock were exchanged. The firm has a 50 day moving average of $5.38 and a 200 day moving average of $5.47. Voya Prime Rate Trust has a 12 month low of $5.08 and a 12 month high of $5.62.
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Voya Prime Rate Trust Company Profile
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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