Voya Prime Rate Trust (PPR) Lowers Monthly Dividend 4% to $.024; 5.5% Yield

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Go back to Voya Prime Rate Trust (PPR) Lowers Monthly Dividend 4% to $.024; 5.5% Yield

PPR - $.0240 August Dividend

September 1, 2017 3:25 PM EDT

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- Voya Prime Rate Trust (NYSE: PPR), a diversified closed-end management investment company listed on the New York Stock Exchange, declared 2.40 cents per share monthly dividend on August 31, 2017 for the 31 days of August, payable on September 22, 2017 to shareholders of record on September 11, 2017. This represents the 352nd consecutive monthly dividend since the Trusts 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 August 31, 2017 $ .0240 4.98%... More