Voya Prime Rate Trust Plans Monthly Dividend of $0.02 (PPR)
Voya Prime Rate Trust (NYSE:PPR) declared a monthly dividend on Friday, December 1st, Wall Street Journal reports. Shareholders of record on Monday, December 11th will be paid a dividend of 0.0215 per share by the investment management company on Friday, December 22nd. This represents a $0.26 dividend on an annualized basis and a yield of 5.08%. The ex-dividend date of this dividend is Friday, December 8th.
Voya Prime Rate Trust has decreased its dividend by an average of 9.3% annually over the last three years.
Shares of Voya Prime Rate Trust (NYSE:PPR) remained flat at $$5.08 during trading hours on Friday. 703,012 shares of the company’s stock traded hands, compared to its average volume of 408,823. 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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