Voya Prime Rate Trust (NYSE:PPR) declared a monthly dividend on Wednesday, July 31st, NASDAQ reports. Investors of record on Monday, August 12th will be paid a dividend of 0.027 per share by the investment management company on Thursday, August 22nd. This represents a $0.32 annualized dividend and a dividend yield of 6.82%. The ex-dividend date is Friday, August 9th.
Voya Prime Rate Trust has decreased its dividend by an average of 5.1% per year over the last three years.
NYSE:PPR traded down $0.01 on Wednesday, reaching $4.75. 3,730 shares of the stock traded hands, compared to its average volume of 376,827. Voya Prime Rate Trust has a 12 month low of $4.39 and a 12 month high of $5.02. The stock’s fifty day moving average is $4.78.
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.
Further Reading: What is the Difference Between Common Shares and Convertible Shares?
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