Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) Plans Monthly Dividend of $0.10

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) declared a monthly dividend on Friday, May 16th, Wall Street Journal reports. Shareholders of record on Monday, June 2nd will be given a dividend of 0.10 per share on Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a yield of 10.73%. The ex-dividend date of this dividend is Monday, June 2nd.

Voya Infrastructure, Industrials and Materials Fund has raised its dividend payment by an average of 7.2% annually over the last three years.

Voya Infrastructure, Industrials and Materials Fund Price Performance

IDE opened at $11.18 on Friday. Voya Infrastructure, Industrials and Materials Fund has a 12-month low of $8.75 and a 12-month high of $11.77. The firm has a 50 day moving average of $10.38 and a two-hundred day moving average of $10.57.

Hedge Funds Weigh In On Voya Infrastructure, Industrials and Materials Fund

An institutional investor recently raised its position in Voya Infrastructure, Industrials and Materials Fund stock. Royal Bank of Canada boosted its holdings in shares of Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) by 64.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 171,610 shares of the company’s stock after buying an additional 67,052 shares during the quarter. Royal Bank of Canada’s holdings in Voya Infrastructure, Industrials and Materials Fund were worth $1,816,000 at the end of the most recent reporting period.

Voya Infrastructure, Industrials and Materials Fund Company Profile

Voya Infrastructure, Industrials and Materials Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The fund is co-managed by Voya Investments, LLC and Voya Investment Management Co LLC. It invests in public equity markets across the globe. The fund seeks to invest in stocks of companies operating in the infrastructure, industrials, and materials sectors.