Media coverage about Voya Prime Rate Trust (NYSE:PPR) has trended positive recently, Alpha One Sentiment reports. Alpha One, a division of Accern, identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Voya Prime Rate Trust earned a media sentiment score of 0.37 on Alpha One’s scale. Alpha One also gave news articles about the investment management company an impact score of 63 out of 100, meaning that recent media coverage is somewhat likely to have an effect on the company’s share price in the next few days.
Shares of Voya Prime Rate Trust (NYSE:PPR) traded down 0.18% on Thursday, hitting $5.40. 388,082 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $5.46 and its 200 day moving average is $5.44. The firm has a market cap of $798.05 million and a P/E ratio of 11.64. Voya Prime Rate Trust has a 12 month low of $4.95 and a 12 month high of $5.62.
The firm also recently announced a monthly dividend, which will be paid on Monday, April 24th. Stockholders of record on Monday, April 10th will be given a $0.027 dividend. The ex-dividend date of this dividend is Thursday, April 6th. This is an increase from Voya Prime Rate Trust’s previous monthly dividend of $0.03. This represents a $0.32 dividend on an annualized basis and a dividend yield of 6.00%.
Voya Prime Rate Trust Company Profile
Voya Prime Rate Trust (the Trust) is a diversified, closed-end management investment company. The Trust seeks to provide investors with as high a level of current income as is consistent with the preservation of capital. The Trust seeks to achieve this objective by investing, under normal market conditions, approximately 80% of its net assets, plus borrowings for investment purposes, in United States dollar denominated floating rate secured senior loans.
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