Cash Dividend On The Way From ING Prime Rate Trust (PPR)

Looking at the universe of stocks we cover at Dividend Channel, on 2/6/14, ING Prime Rate Trust ( PPR) will trade ex-dividend, for its monthly dividend of $0.0315, payable on 2/25/14. As a percentage of PPR's recent stock price of $5.88, this dividend works out to approximately 0.54%, so look for shares of ING Prime Rate Trust to trade 0.54% lower — all else being equal — when PPR shares open for trading on 2/6/14.

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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:

PPR+Dividend+History+Chart

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 6.43% 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 $5.69 per share, with $6.95 as the 52 week high point — that compares with a last trade of $5.88.

In Wednesday trading, ING Prime Rate Trust shares are currently trading flat on the day.

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