Voya Prime Rate Trust (NYSE:PPR) to Issue Monthly Dividend of $0.03 on August 22nd
Voya Prime Rate Trust (NYSE:PPR) announced a monthly dividend on Tuesday, August 1st, Wall Street Journal reports. Stockholders of record on Thursday, August 10th will be paid a dividend of 0.025 per share by the investment management company on Tuesday, August 22nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 5.66%. The ex-dividend date is Tuesday, August 8th.
Voya Prime Rate Trust has decreased its dividend by an average of 9.3% annually over the last three years.
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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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