Voya Prime Rate Trust (NYSE:PPR) declared a monthly dividend on Monday, April 1st, Wall Street Journal reports. Stockholders of record on Wednesday, April 10th will be paid a dividend of 0.0275 per share by the investment management company on Tuesday, April 23rd. This represents a $0.33 dividend on an annualized basis and a dividend yield of 6.86%. The ex-dividend date of this dividend is Tuesday, April 9th. This is an increase from Voya Prime Rate Trust’s previous monthly dividend of $0.03.
Voya Prime Rate Trust has decreased its dividend payment by an average of 5.1% per year over the last three years.
Shares of PPR stock remained flat at $$4.81 during trading hours on Friday. 255,900 shares of the stock were exchanged, compared to its average volume of 434,050. Voya Prime Rate Trust has a 12 month low of $4.39 and a 12 month high of $5.20.
About Voya Prime Rate Trust
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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