Reminder - Voya Prime Rate Trust (PPR) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 6/8/15, Voya Prime Rate Trust (PPR) will trade ex-dividend, for its monthly dividend of $0.029, payable on 6/22/15. As a percentage of PPR's recent stock price of $5.45, this dividend works out to approximately 0.53%, so look for shares of Voya Prime Rate Trust to trade 0.53% lower — all else being equal — when PPR shares open for trading on 6/8/15.

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Below is a dividend history chart for PPR, showing historical dividends prior to the most recent $0.029 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 6.39% 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 $5.15 per share, with $5.79 as the 52 week high point — that compares with a last trade of $5.45.

According to the ETF Finder at ETF Channel, PPR makes up 1.00% of the PowerShares CEF Income Composite Portfolio ETF ( PCEF) which is trading lower by about 0.1% on the day Thursday.

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

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