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

Voya Infrastructure, Industrials and Materials Fund (NYSE:IDE) announced a monthly dividend on Friday, May 15th. Stockholders of record on Monday, June 1st will be given a dividend of 0.10 per share on Monday, June 15th. This represents a c) annualized dividend and a dividend yield of 8.6%. The ex-dividend date is Monday, June 1st.

Voya Infrastructure, Industrials and Materials Fund Price Performance

IDE stock opened at $14.03 on Friday. The company’s 50-day simple moving average is $13.29 and its 200-day simple moving average is $12.93. Voya Infrastructure, Industrials and Materials Fund has a 52-week low of $11.21 and a 52-week high of $14.30.

Institutional Investors Weigh In On Voya Infrastructure, Industrials and Materials Fund

Hedge funds have recently modified their holdings of the company. Fifth Third Bancorp purchased a new stake in shares of Voya Infrastructure, Industrials and Materials Fund during the 1st quarter worth about $50,000. Cetera Investment Advisers purchased a new stake in shares of Voya Infrastructure, Industrials and Materials Fund during the 1st quarter worth about $128,000. Kovack Advisors Inc. purchased a new stake in shares of Voya Infrastructure, Industrials and Materials Fund during the 4th quarter worth about $189,000. Bank of America Corp DE boosted its stake in shares of Voya Infrastructure, Industrials and Materials Fund by 10.5% during the 2nd quarter. Bank of America Corp DE now owns 16,610 shares of the company’s stock worth $194,000 after acquiring an additional 1,581 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Voya Infrastructure, Industrials and Materials Fund during the 1st quarter worth about $264,000.

About Voya Infrastructure, Industrials and Materials Fund

Voya Infrastructure, Industrials and Materials Fund (NYSE: IDE) is a closed-end management investment company that seeks total return through a combination of current income and capital appreciation. The fund primarily invests in equity securities of companies engaged in infrastructure, industrials and materials businesses, such as utilities, transportation, engineering and construction materials. By targeting firms with established cash flows and growth potential, the fund aims to deliver a blend of yield and long-term capital gains for shareholders.

The fund’s investment strategy combines bottom-up security selection with broad sector diversification.