PPR Ex-Dividend Reminder - 10/8/13

Looking at the universe of stocks we cover at Dividend Channel, on 10/8/13, ING Prime Rate Trust ( PPR) will trade ex-dividend, for its monthly dividend of $0.0315, payable on 10/22/13. As a percentage of PPR's recent stock price of $6.03, this dividend works out to approximately 0.52%, so look for shares of ING Prime Rate Trust to trade 0.52% lower — all else being equal — when PPR shares open for trading on 10/8/13.

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Below is a dividend history chart for PPR, showing historical dividends prior to the most recent $0.0315 declared by ING Prime Rate Trust:


In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PPR is likely to continue, and whether the current estimated yield of 6.27% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PPR shares, versus its 200 day moving average:

ING Prime Rate Trust 200 Day Moving Average Chart

Looking at the chart above, PPR's low point in its 52 week range is $5.75 per share, with $6.95 as the 52 week high point — that compares with a last trade of $6.03.

In Friday trading, ING Prime Rate Trust shares are currently up about 0.3% on the day.