Profile
Sector:
Financial ServicesIndustry:
Asset ManagementCountry:
United StatesIPO:
29 March 2005Website:
http://investments.voya.comNext earnings report:
N/ALast dividends:
03 June 2024Next dividends:
01 July 2024Price
regular market | Mon, 01 Jul 2024 20:00:02 GMTAnalysts recommendations
Institutional Ownership
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The Voya Global Equity Dividend and Premium Opportunity Fund specializes in providing investors with a high level of current income. The IGD closed-end fund's recent performance has been disappointing, with shares down 4.21% since the last article was published. The fund employs a strategy of selling call options to generate income, but its distribution has been decreasing over time.
Voya Global Equity Dividend and Premium Opportunity Fund is an equity closed-end fund with a 9.6% dividend yield. The fund has failed to produce meaningful total returns in 2023 due to the negative impact of higher rates on dividend-paying equities. The fund is currently utilizing over 70% ROC to pay its dividend due to the underperformance in the global equity portfolio it holds.
Voya Global Equity Dividend generates a big yield. The fund does not use leverage and actually trades at a big discount. Here's why you could still go wrong with the 9% yield.
IGD: International Equity CEF, 9% Yield.
What type of business is Voya Global Equity Dividend and Premium Opportunity Fund?
Voya Global Equity Dividend and Premium Opportunity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and NNIP Advisors B.V. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating across diversified sectors. It primarily invests in dividend paying stocks of companies having a market capitalization of $1 billion or more. The fund also invests through call options on selected indices, individual securities, and/or exchange traded funds. It employs fundamental analysis to create its portfolio. The fund benchmarks the performance of its portfolio against the MSCI World Index and the Chicago Board Options Exchange BuyWrite Monthly Index. It was formerly known as ING Global Equity Dividend and Premium Opportunity Fund. Voya Global Equity Dividend and Premium Opportunity Fund was formed on March 28, 2005 and is domiciled in the United States.
What sector is Voya Global Equity Dividend and Premium Opportunity Fund in?
Voya Global Equity Dividend and Premium Opportunity Fund is in the Financial Services sector
What industry is Voya Global Equity Dividend and Premium Opportunity Fund in?
Voya Global Equity Dividend and Premium Opportunity Fund is in the Asset Management industry
What country is Voya Global Equity Dividend and Premium Opportunity Fund from?
Voya Global Equity Dividend and Premium Opportunity Fund is headquartered in United States
When did Voya Global Equity Dividend and Premium Opportunity Fund go public?
Voya Global Equity Dividend and Premium Opportunity Fund initial public offering (IPO) was on 29 March 2005
What is Voya Global Equity Dividend and Premium Opportunity Fund website?
https://investments.voya.com/Investor/Products/Closed-End-Funds/Profile/index.htm?psc=345&p=128&tab=Overview
Is Voya Global Equity Dividend and Premium Opportunity Fund in the S&P 500?
No, Voya Global Equity Dividend and Premium Opportunity Fund is not included in the S&P 500 index
Is Voya Global Equity Dividend and Premium Opportunity Fund in the NASDAQ 100?
No, Voya Global Equity Dividend and Premium Opportunity Fund is not included in the NASDAQ 100 index
Is Voya Global Equity Dividend and Premium Opportunity Fund in the Dow Jones?
No, Voya Global Equity Dividend and Premium Opportunity Fund is not included in the Dow Jones index
When does Voya Global Equity Dividend and Premium Opportunity Fund report earnings?
Next earnings report date is not announced yet