PPR - $.0380 January Dividend

ING Prime Rate Trust (NYSE: PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared 3.80 cents per share monthly dividend on January 31, 2013 for the 31 days of January, payable on February 25, 2013 to shareholders of record on February 11, 2013. This represents the 297th consecutive monthly dividend since the Trust’s inception in May 1988.

The following are annualized distribution rate calculations based on the declared dividend for the month, Net Asset Value (“NAV”) at month-end and the month-end NYSE composite closing price (“Market”).
Annualized Period-end Distribution Rates   DIVIDEND   NAV   MARKET
January 31, 2013 $ .0380 7.43 % 7.05 %
December 31, 2012 $ .0380 7.57 % 7.22 %
November 30, 2012 $ .0370 7.60 % 7.22 %
October 31, 2012 $ .0370 7.34 % 7.10 %
September 30, 2012 $ .0360 7.38 % 7.10 %
August 31, 2012 $ .0360 7.20 % 7.12 %
July 31, 2012 $ .0350 7.09 % 7.16 %
June 30, 2012 $ .0350 7.39 % 7.40 %
May 31, 2012 $ .0345 7.06 % 7.38 %
April 30, 2012 $ .0330 6.87 % 7.00 %
March 31, 2012 $ .0330 6.68 % 6.84 %
February 29, 2012 $ .0300 6.54 % 6.87 %

ING Prime Rate Trust was the first Fund to invest in a portfolio of floating rate senior bank loans. The Trust seeks to provide as high a level of current income as is consistent with the preservation of capital.

If you liked this article you might like

3 Stocks With Upcoming Ex-Dividend Dates: PPR, CCP, TEX

3 Stocks Going Ex-Dividend Tomorrow: PPR, MWA, PPC

3 Stocks With Upcoming Ex-Dividend Dates: PPR, GLP, APU

Tuesday's Ex-Dividends To Watch: CGO, PPR, GVA

Dividend Watch: 3 Stocks Going Ex-Dividend Tomorrow: PPR, SFL, BRCD