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Voya Global Equity Dividend and Premium Opportunity Fund

NYSE:IGD
Snowflake Description

Flawless balance sheet second-rate dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IGD
NYSE
$632M
Market Cap
  1. Home
  2. US
  3. Diversified Financials
Company description

Voya Global Equity Dividend and Premium Opportunity Fund is a closed-ended equity mutual fund launched by Voya Investment Management LLC. The last earnings update was 130 days ago. More info.


Add to Portfolio Compare Print
  • Voya Global Equity Dividend and Premium Opportunity Fund is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
IGD Share Price and Events
7 Day Returns
2.2%
NYSE:IGD
2.6%
US Capital Markets
2.4%
US Market
1 Year Returns
-11.8%
NYSE:IGD
-12.6%
US Capital Markets
1.9%
US Market
IGD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Voya Global Equity Dividend and Premium Opportunity Fund (IGD) 2.2% 0.8% 8.5% -11.8% -7.1% -27.7%
US Capital Markets 2.6% -0% 10.2% -12.6% 54.7% 55.6%
US Market 2.4% 1.7% 11.9% 1.9% 38.2% 42.4%
1 Year Return vs Industry and Market
  • IGD underperformed the Market in United States of America which returned 1.9% over the past year.

IGD Value

 Is Voya Global Equity Dividend and Premium Opportunity Fund undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Voya Global Equity Dividend and Premium Opportunity Fund to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data    Our intrinsic value calculation method has changed recently, learn more here.

Below are the data sources, inputs and calculation used to determine the intrinsic value for Voya Global Equity Dividend and Premium Opportunity Fund.

NYSE:IGD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $8.01 * 5.8%
$0.46
Book Value of Equity per Share Median Book Value from the past 5 years. $8.01
Discount Rate (Cost of Equity) See below 9.3%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:IGD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.73
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.726 (1 + (1- 21%) (0%))
1.103
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.1
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.103 * 5.96%)
9.3%

Discounted Cash Flow Calculation for NYSE:IGD using Excess Returns Model Model

The calculations below outline how an intrinsic value for Voya Global Equity Dividend and Premium Opportunity Fund is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NYSE:IGD Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (5.8% – 9.3%) * $8.01)
$-0.28
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $-0.28 / (9.3% - 2.73%)
$-4.29
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $8.01 + $-4.29
$3.72
NYSE:IGD Discount to Share Price
Calculation Result
Value per share (USD) From above. $3.72
Current discount Discount to share price of $6.51
= -1 x ($6.51 - $3.72) / $3.72
-75.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Voya Global Equity Dividend and Premium Opportunity Fund is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Voya Global Equity Dividend and Premium Opportunity Fund's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Voya Global Equity Dividend and Premium Opportunity Fund's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:IGD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-08-31) in USD $0.17
NYSE:IGD Share Price ** NYSE (2019-03-18) in USD $6.51
United States of America Capital Markets Industry PE Ratio Median Figure of 76 Publicly-Listed Capital Markets Companies 24.89x
United States of America Market PE Ratio Median Figure of 3,055 Publicly-Listed Companies 17.61x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Voya Global Equity Dividend and Premium Opportunity Fund.

NYSE:IGD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:IGD Share Price ÷ EPS (both in USD)

= 6.51 ÷ 0.17

37.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Voya Global Equity Dividend and Premium Opportunity Fund is overvalued based on earnings compared to the US Capital Markets industry average.
  • Voya Global Equity Dividend and Premium Opportunity Fund is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Voya Global Equity Dividend and Premium Opportunity Fund's expected growth come at a high price?
Raw Data
NYSE:IGD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 37.25x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
United States of America Capital Markets Industry PEG Ratio Median Figure of 33 Publicly-Listed Capital Markets Companies 2.2x
United States of America Market PEG Ratio Median Figure of 2,109 Publicly-Listed Companies 1.48x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Voya Global Equity Dividend and Premium Opportunity Fund, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Voya Global Equity Dividend and Premium Opportunity Fund's assets?
Raw Data
NYSE:IGD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-08-31) in USD $7.64
NYSE:IGD Share Price * NYSE (2019-03-18) in USD $6.51
United States of America Capital Markets Industry PB Ratio Median Figure of 149 Publicly-Listed Capital Markets Companies 4.76x
United States of America Market PB Ratio Median Figure of 5,152 Publicly-Listed Companies 1.87x
NYSE:IGD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:IGD Share Price ÷ Book Value per Share (both in USD)

= 6.51 ÷ 7.64

0.85x

* Primary Listing of Voya Global Equity Dividend and Premium Opportunity Fund.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Voya Global Equity Dividend and Premium Opportunity Fund is good value based on assets compared to the US Capital Markets industry average.
X
Value checks
We assess Voya Global Equity Dividend and Premium Opportunity Fund's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Voya Global Equity Dividend and Premium Opportunity Fund has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

IGD Future Performance

 How is Voya Global Equity Dividend and Premium Opportunity Fund expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Voya Global Equity Dividend and Premium Opportunity Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
6.4%
Expected Capital Markets industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Voya Global Equity Dividend and Premium Opportunity Fund expected to grow at an attractive rate?
  • Unable to compare Voya Global Equity Dividend and Premium Opportunity Fund's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Voya Global Equity Dividend and Premium Opportunity Fund's earnings growth to the United States of America market average as no estimate data is available.
  • Unable to compare Voya Global Equity Dividend and Premium Opportunity Fund's revenue growth to the United States of America market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
NYSE:IGD Future Growth Rates Data Sources
Data Point Source Value (per year)
United States of America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 6.4%
United States of America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 3.8%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:IGD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:IGD Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-08-31 23 17
2018-05-31 24 45
2018-02-28 24 73
2017-11-30 25 90
2017-08-31 25 106
2017-05-31 26 120
2017-02-28 27 133
2016-11-30 28 80
2016-08-31 28 27
2016-05-31 28 -29
2016-02-29 28 -86
2015-11-30 29 -74

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Voya Global Equity Dividend and Premium Opportunity Fund is high growth as no earnings estimate data is available.
  • Unable to determine if Voya Global Equity Dividend and Premium Opportunity Fund is high growth as no revenue estimate data is available.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:IGD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (6 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Voya Global Equity Dividend and Premium Opportunity Fund Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:IGD Past Financials Data
Date (Data in USD Millions) EPS *
2018-08-31 0.17
2018-05-31 0.46
2018-02-28 0.75
2017-11-30 0.92
2017-08-31 1.10
2017-05-31 1.23
2017-02-28 1.37
2016-11-30 0.82
2016-08-31 0.28
2016-05-31 -0.30
2016-02-29 -0.88
2015-11-30 -0.76

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Voya Global Equity Dividend and Premium Opportunity Fund will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Voya Global Equity Dividend and Premium Opportunity Fund's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Voya Global Equity Dividend and Premium Opportunity Fund has a total score of 0/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

IGD Past Performance

  How has Voya Global Equity Dividend and Premium Opportunity Fund performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Voya Global Equity Dividend and Premium Opportunity Fund's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Voya Global Equity Dividend and Premium Opportunity Fund's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Voya Global Equity Dividend and Premium Opportunity Fund's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Voya Global Equity Dividend and Premium Opportunity Fund's 1-year earnings growth is negative, it can't be compared to the US Capital Markets industry average.
Earnings and Revenue History
Voya Global Equity Dividend and Premium Opportunity Fund's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Voya Global Equity Dividend and Premium Opportunity Fund Company Filings, last reported 6 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:IGD Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-08-31 23.14 16.97 9.32
2018-05-31 23.76 44.92 9.43
2018-02-28 24.39 72.88 9.55
2017-11-30 24.50 89.67 9.44
2017-08-31 24.62 106.46 9.33
2017-05-31 25.99 119.64 9.24
2017-02-28 27.35 132.82 9.16
2016-11-30 27.64 79.92 9.23
2016-08-31 27.93 27.01 9.30
2016-05-31 27.82 -29.45 9.68
2016-02-29 27.70 -85.91 10.07
2015-11-30 28.80 -74.17 10.47
2015-08-31 29.91 -62.43 10.87
2015-05-31 31.31 -22.40 11.16
2015-02-28 32.71 17.64 11.46
2014-11-30 35.97 72.46 11.61
2014-08-31 39.22 127.29 11.75
2014-05-31 38.46 121.75 11.68
2014-02-28 37.71 116.20 11.60
2013-11-30 34.84 116.24 11.47
2013-08-31 31.98 116.27 11.34
2013-05-31 34.46 101.11 11.16
2013-02-28 36.95 85.94 10.97
2012-11-30 38.20 64.97 10.94
2012-08-31 39.46 44.00 10.90
2012-05-31 42.90 12.65 11.19

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Voya Global Equity Dividend and Premium Opportunity Fund has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Voya Global Equity Dividend and Premium Opportunity Fund used its assets more efficiently than the US Capital Markets industry average last year based on Return on Assets.
  • Voya Global Equity Dividend and Premium Opportunity Fund's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Voya Global Equity Dividend and Premium Opportunity Fund's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Voya Global Equity Dividend and Premium Opportunity Fund has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

IGD Health

 How is Voya Global Equity Dividend and Premium Opportunity Fund's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Voya Global Equity Dividend and Premium Opportunity Fund's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Voya Global Equity Dividend and Premium Opportunity Fund is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Voya Global Equity Dividend and Premium Opportunity Fund's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Voya Global Equity Dividend and Premium Opportunity Fund's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Voya Global Equity Dividend and Premium Opportunity Fund has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Voya Global Equity Dividend and Premium Opportunity Fund Company Filings, last reported 6 months ago.

NYSE:IGD Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-08-31 741.19 0.00 0.04
2018-05-31 741.19 0.00 0.04
2018-02-28 779.11 0.00 0.02
2017-11-30 779.11 0.00 0.02
2017-08-31 795.29 0.00 0.02
2017-05-31 795.29 0.00 0.02
2017-02-28 777.29 0.00 0.03
2016-11-30 777.29 0.00 0.03
2016-08-31 769.14 0.00 25.51
2016-05-31 769.14 0.00 25.51
2016-02-29 733.73 0.00 24.77
2015-11-30 733.73 0.00 24.77
2015-08-31 831.09 0.00 35.66
2015-05-31 831.09 0.00 35.66
2015-02-28 908.60 0.00 25.34
2014-11-30 908.60 0.00 25.34
2014-08-31 982.49 0.00 29.49
2014-05-31 982.49 0.00 29.49
2014-02-28 979.93 0.00 28.83
2013-11-30 979.93 0.00 28.83
2013-08-31 944.94 0.00 26.66
2013-05-31 944.94 0.00 26.66
2013-02-28 958.15 0.00 18.82
2012-11-30 958.15 0.00 18.82
2012-08-31 927.88 0.00 21.28
2012-05-31 927.88 0.00 21.28
  • Voya Global Equity Dividend and Premium Opportunity Fund has no debt.
  • Voya Global Equity Dividend and Premium Opportunity Fund has not taken on any debt in the past 5 years.
  • Voya Global Equity Dividend and Premium Opportunity Fund has no debt, it does not need to be covered by operating cash flow.
  • Voya Global Equity Dividend and Premium Opportunity Fund has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Voya Global Equity Dividend and Premium Opportunity Fund's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Voya Global Equity Dividend and Premium Opportunity Fund has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

IGD Dividends

 What is Voya Global Equity Dividend and Premium Opportunity Fund's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
11.24%
Current annual income from Voya Global Equity Dividend and Premium Opportunity Fund dividends.
If you bought $2,000 of Voya Global Equity Dividend and Premium Opportunity Fund shares you are expected to receive $225 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Voya Global Equity Dividend and Premium Opportunity Fund's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.45%).
  • Voya Global Equity Dividend and Premium Opportunity Fund's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:IGD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
United States of America Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 43 Stocks 2.1%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2004 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:IGD Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-15 0.732 11.312
2019-01-15 0.732 11.457
2018-12-17 0.732 12.280
2018-11-15 0.732 11.386
2018-10-15 0.732 10.991
2018-09-17 0.732 10.236
2018-08-15 0.732 9.948
2018-07-16 0.732 9.739
2018-06-15 0.732 9.994
2018-05-15 0.732 10.043
2018-04-16 0.732 10.032
2018-03-15 0.732 10.105
2018-02-15 0.732 9.752
2018-01-16 0.732 9.434
2017-12-15 0.732 9.292
2017-11-15 0.732 9.364
2017-10-16 0.732 9.167
2017-09-15 0.732 9.116
2017-08-15 0.732 9.457
2017-07-17 0.732 9.575
2017-06-15 0.732 9.717
2017-05-15 0.732 9.787
2017-04-17 0.732 9.911
2017-03-15 0.732 10.080
2017-02-15 0.732 10.179
2017-01-17 0.732 10.379
2016-12-15 0.732 10.592
2016-11-15 0.912 13.122
2016-10-17 0.912 13.130
2016-09-15 0.912 12.749
2016-08-15 0.912 12.644
2016-07-15 0.912 12.842
2016-06-15 0.912 13.370
2016-05-16 0.912 13.191
2016-04-15 0.912 13.057
2016-03-15 0.912 13.256
2016-01-15 0.912 14.173
2015-12-15 0.912 13.309
2015-11-16 0.912 12.702
2015-10-15 0.912 12.145
2015-09-15 0.912 12.669
2015-08-17 0.912 12.522
2015-07-15 0.912 11.429
2015-06-15 0.912 11.115
2015-05-15 0.912 10.808
2015-04-16 0.912 10.762
2015-03-16 0.912 10.939
2015-02-17 0.912 10.877
2015-01-15 0.912 11.070
2014-12-15 0.912 10.934
2014-11-17 0.912 10.237
2014-10-16 0.912 10.059
2014-09-15 0.912 9.900
2014-08-15 0.912 9.505
2014-07-15 0.912 9.569
2014-06-16 0.912 9.493
2014-04-15 0.912 9.595
2014-03-17 0.912 10.000
2014-02-18 0.912 10.147
2014-01-15 0.912 10.331
2013-12-16 0.912 10.262
2013-11-15 0.912 10.233
2013-10-15 0.912 10.013
2013-09-13 0.912 10.056
2013-08-16 1.008 10.742
2013-07-15 1.008 10.636
2013-06-17 1.008 10.777
2013-05-15 1.008 10.611
2013-04-15 1.008 10.801
2013-03-15 1.008 10.979
2013-02-15 1.008 11.052
2013-01-15 1.008 10.938
2012-12-17 1.008 11.412
2012-11-15 1.008 11.924
2012-10-16 1.008 11.499
2012-09-12 1.008 11.023
2012-08-15 1.116 12.123
2012-07-16 1.116 12.458
2012-06-15 1.116 12.812
2012-05-21 1.116 12.929
2012-04-16 1.116 12.114
2012-03-15 1.116 11.907
2012-02-17 1.116 11.860
2012-01-18 1.116 12.008
2011-12-16 1.116 12.698
2011-11-15 1.200 13.239
2011-10-17 1.200 12.526
2011-09-15 1.200 12.866
2011-08-15 1.200 12.263
2011-07-15 1.200 11.649
2011-06-15 1.200 10.904
2011-05-16 1.200 10.763
2011-03-15 1.200 10.892
2011-02-15 1.200 10.955
2011-01-18 1.200 10.883
2010-12-15 1.200 11.019
2010-11-15 1.200 10.579
2010-10-15 1.200 10.307
2010-09-15 1.200 10.555
2010-08-16 1.200 11.066
2010-07-15 1.200 11.108
2010-06-15 1.200 11.409
2010-05-17 1.500 13.718
2010-04-15 1.500 12.208
2010-03-15 1.500 11.768
2010-02-16 1.500 12.105
2010-01-15 1.500 12.420
2009-11-16 1.500 12.182
2009-10-15 1.872 14.464
2009-09-21 1.872 14.551
2009-08-17 1.872 14.693
2009-07-15 1.872 15.002
2009-06-22 1.872 16.211
2009-05-15 1.872 16.345
2009-04-15 1.872 18.175
2009-03-19 1.872 20.084

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of Voya Global Equity Dividend and Premium Opportunity Fund's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.2x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Voya Global Equity Dividend and Premium Opportunity Fund's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Voya Global Equity Dividend and Premium Opportunity Fund afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Voya Global Equity Dividend and Premium Opportunity Fund has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

IGD Management

 What is the CEO of Voya Global Equity Dividend and Premium Opportunity Fund's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Shaun Mathews
COMPENSATION $0
AGE 62
TENURE AS CEO 12.3 years
CEO Bio

Mr. Shaun Patrick Mathews is a Senior Managing Director and Head of the Client Group at Voya Investment Management LLC. Mr. Mathews oversees all asset management sales and client services functions including retail and institutional distribution, business development, marketing, and client service activities. He also manages the mutual fund platform supporting all of the firm’s channels and businesses. Mr. Mathews was the Chief Executive Officer, President, and Director of Voya Investments, LLC. He served as CMO of ING USFS from April 2002 to October 2004 and Head of Rollover/Payout from October 2001 to December 2003. Mr. Mathews has extensive investment management distribution and oversight experience, as well as with extensive direct knowledge of many of the fund's key service providers. He serves as a Director of MetroHartford Alliance. Mr. Mathews other Directorships/trusteeships: Director of the Mark Twain House & Museum since September 2002; Connecticut Forum since May 2002; Capital Community College Foundation since February 2002; and Southland Life Insurance Company since June 2002. He holds an M.B.A. in Finance and Accounting from Cornell University and a B.A. in Economics from Holy Cross College.

CEO Compensation
  • Insufficient data for Shaun to compare compensation growth.
  • Insufficient data for Shaun to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Voya Global Equity Dividend and Premium Opportunity Fund management team in years:

12.6
Average Tenure
53
Average Age
  • The average tenure for the Voya Global Equity Dividend and Premium Opportunity Fund management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shaun Mathews

TITLE
CEO, President
AGE
62
TENURE
12.3 yrs

Todd Modic

TITLE
Chief Financial Officer
AGE
50
TENURE
13.8 yrs

Stan Vyner

TITLE
Chief Investment Risk Officer and Executive Vice President
AGE
67
TENURE
9.5 yrs

Kevin Gleason

TITLE
Chief Compliance Officer
AGE
52
TENURE
7.1 yrs

Michael Roland

TITLE
Executive Vice President
AGE
60
TENURE
14.2 yrs

Kimberly Anderson

TITLE
Senior Vice President
AGE
54
TENURE
14.2 yrs

Julius Drelick

TITLE
Senior Vice President
AGE
51
TENURE
6.7 yrs

Robert Terris

TITLE
Senior Vice President
AGE
48
TENURE
12.8 yrs

Huey Falgout

TITLE
Secretary
AGE
54
TENURE
14.2 yrs

Fred Bedoya

TITLE
Vice President and Treasurer
AGE
45
TENURE
6.5 yrs
Board of Directors Tenure

Average tenure and age of the Voya Global Equity Dividend and Premium Opportunity Fund board of directors in years:

13.2
Average Tenure
68
Average Age
  • The average tenure for the Voya Global Equity Dividend and Premium Opportunity Fund board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Shaun Mathews

TITLE
CEO, President
AGE
62
TENURE
12.3 yrs

Pat Kenny

TITLE
Independent Trustee
COMPENSATION
$3K
AGE
75
TENURE
14.1 yrs

J. Earley

TITLE
Independent Trustee
COMPENSATION
$3K
AGE
73
TENURE
14.1 yrs

John Boyer

TITLE
Independent Trustee
COMPENSATION
$3K
AGE
65
TENURE
13.7 yrs

Sheryl Pressler

TITLE
Independent Trustee
COMPENSATION
$3K
AGE
67
TENURE
13.2 yrs

Colleen Baldwin

TITLE
Independent Trustee
COMPENSATION
$3K
AGE
58
TENURE
11.4 yrs

Russell Jones

TITLE
COMPENSATION
$2K
AGE
74

Joseph Obermeyer

TITLE
COMPENSATION
$2K
AGE
60

Patricia Chadwick

TITLE
Independent Trustee
COMPENSATION
$3K
AGE
69
TENURE
13.2 yrs

Peter Drotch

TITLE
Independent Trustee
COMPENSATION
$3K
AGE
76
TENURE
11.4 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
30. Apr 18 Sell Mark Weber Individual 26. Apr 18 26. Apr 18 0 $7.37 $-1
X
Management checks
We assess Voya Global Equity Dividend and Premium Opportunity Fund's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Voya Global Equity Dividend and Premium Opportunity Fund has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

IGD News

Simply Wall St News

IGD Company Info

Description

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.

Details
Name: Voya Global Equity Dividend and Premium Opportunity Fund
IGD
Exchange: NYSE
Founded: 2005
$631,974,010
97,077,421
Website: http://investments.voya.com/Investor/Products/Closed-End-Funds/Profile/index.htm?psc=345&p=128&tab=Overview
Address: Voya Global Equity Dividend and Premium Opportunity Fund
7337 East Doubletree Ranch Road,
Suite 100,
Scottsdale,
Arizona, 85258-2034,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE IGD Common Stock New York Stock Exchange US USD 29. Mar 2005
Number of employees
Current staff
Staff numbers
0
Voya Global Equity Dividend and Premium Opportunity Fund employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/03/18 23:54
End of day share price update: 2019/03/18 00:00
Last earnings filing: 2018/11/08
Last earnings reported: 2018/08/31
Last annual earnings reported: 2018/02/28


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.