Voya Prime Rate Trust (NYSE:PPR) announced a monthly dividend on Friday, December 1st, Wall Street Journal reports. Shareholders of record on Monday, December 11th will be given a dividend of 0.0215 per share by the investment management company on Friday, December 22nd. This represents a $0.26 annualized dividend and a dividend yield of 5.02%. The ex-dividend date of this dividend is Friday, December 8th.
Voya Prime Rate Trust has decreased its dividend payment by an average of 9.3% annually over the last three years.
Shares of Voya Prime Rate Trust (PPR) opened at $5.14 on Thursday. Voya Prime Rate Trust has a 12 month low of $4.97 and a 12 month high of $5.62.
In other news, Director Michael J. Roland sold 49,250 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $5.21, for a total transaction of $256,592.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
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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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