Voya Global Equity Dividend and Premium Opportunity Fund
IGDFinancial Services · Stock · monthly payer
Forward Yield
9.49%
Annual Dividend
$0.60
Payout Ratio
79%
5-Yr Growth
4.6%
Ex-Date
Aug 3, 2026
Frequency
Monthly
Summary
As of July 2026, Voya Global Equity Dividend and Premium Opportunity Fund (IGD) yields 9.49% ($0.60 per share annually), with a blended fair-value estimate of $20.62 — +226% upside, so it screens as undervalued. Dividend safety grade: C (65/100). 2 years of dividend growth.
Is IGD a good dividend stock?
Yes, with caveatsVoya Global Equity Dividend and Premium Opportunity Fund (IGD) pays a monthly dividend yielding 9.49% ($0.60/yr), with 2 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
Risks
- Cut its dividend in 2020
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 9.49%
- Payout Ratio
- 79%
- Annual Dividend
- $0.60
- 5-Yr Avg Growth
- 4.6%
- Ex-Dividend Date
- Aug 3, 2026
- Years of Growth
- 2
- Frequency
- monthly
- Beta
- 0.52
- Market Cap
- $499.2M
- P/E Ratio
- 8.3
- 5-Yr Total Return
- 2%
- 52-Week Range
- $5.58 – $6.41
- Dividend Safety
- C · 65/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
IGD Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
+24%
5 Years
+2%
52-Week Range
$5.58 – $6.41
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is IGD worth?
Undervaluedlow confidenceOur blended fair-value estimate for Voya Global Equity Dividend and Premium Opportunity Fund is $20.62 per share, versus a market price of $6.32. That implies 226% of upside — a margin of safety of about 69%.
Fair Value
$20.62
Current Price
$6.32
Upside
+226%
Margin of Safety
69%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 7.0% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $0.76 EPS, $0.60 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
IGD Dividend Safety Score
Borderline
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 1, 2026 | — | $0.0500 | regular |
| Jun 1, 2026 | — | $0.0500 | regular |
| May 1, 2026 | — | $0.0500 | regular |
| Apr 1, 2026 | — | $0.0500 | regular |
| Mar 2, 2026 | — | $0.0500 | regular |
| Feb 2, 2026 | — | $0.0500 | regular |
| Dec 30, 2025 | — | $0.0500 | regular |
| Dec 1, 2025 | — | $0.0500 | regular |
| Nov 3, 2025 | — | $0.0500 | regular |
| Oct 1, 2025 | — | $0.0500 | regular |
| Sep 2, 2025 | — | $0.0500 | regular |
| Aug 1, 2025 | — | $0.0500 | regular |
| Jul 1, 2025 | — | $0.0500 | regular |
| Jun 2, 2025 | — | $0.0500 | regular |
Income Calculator
At $0.60 / yr per share
