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

Looking at the universe of stocks we cover at Dividend Channel, on 9/8/14, Voya Prime Rate Trust (PPR) will trade ex-dividend, for its monthly dividend of $0.028, payable on 9/22/14. As a percentage of PPR's recent stock price of $5.54, this dividend works out to approximately 0.51%, so look for shares of Voya Prime Rate Trust to trade 0.51% lower — all else being equal — when PPR shares open for trading on 9/8/14.

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Below is a dividend history chart for PPR, showing historical dividends prior to the most recent $0.028 declared by Voya 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 6.06% 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:

Voya Prime Rate Trust 200 Day Moving Average Chart

Looking at the chart above, PPR's low point in its 52 week range is $5.43 per share, with $6.21 as the 52 week high point — that compares with a last trade of $5.53.

In Thursday trading, Voya Prime Rate Trust shares are currently off about 0.2% on the day.

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