Voya Asia Pacific High Dividend Equity Income Fund raises dividend by 22% to $0.065
Seeking Alpha News (Fri, 19-Apr 1:46 PM ET)
Voya Increases Distribution Rate on 5 Funds
Business Wire (Fri, 19-Apr 6:37 AM ET)
Voya announces change to distribution frequency from quarterly to monthly on four funds
Business Wire (Thu, 4-Apr 7:38 AM ET)
Voya Equity Closed End Funds Declare Distributions
Business Wire (Fri, 15-Mar 4:30 PM ET)
The Fund’s investment objective is total return through a combination of current income, capital gains and capital appreciation. The Fund seeks to achieve its investment objective by investing primarily in a portfolio of high dividend yielding equity securities of Asia Pacific companies. The Fund also seeks to enhance total returns over a market cycle by selling call options on selected Asia Pacific Indices and/or equity securities of Asia Pacific Companies and/or exchange-traded funds.
Voya Asia Pacific High Divdend trades on the NYSE stock market under the symbol IAE.
As of April 19, 2024, IAE stock price declined to $5.90 with 30,231 million shares trading.
IAE has a beta of 0.93, meaning it tends to be less sensitive to market movements. IAE has a correlation of 0.46 to the broad based SPY ETF.
IAE has a market cap of $66.37 million. This is considered a Micro Cap stock.
In the last 3 years, IAE stock traded as high as $9.74 and as low as $5.31.
IAE has underperformed the market in the last year with a price return of +4.4% while the SPY ETF gained +21.2%. However, in the short term, IAE had mixed performance relative to the market. It has outperformed in the last 3 months, returning +7.6% vs +4.3% return in SPY. But in the last 2 weeks, IAE shares have been beat by the market, returning -3.7% compared to an SPY return of -3.5%.
IAE support price is $5.88 and resistance is $6.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that IAE stock will trade within this expected range on the day.