Voya Financial Inc 5.35% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series B

By: ,

Date Issued 6/11/2019

Shares Issued 12,000,000     Overallotment Shares  None

S&P Rating  BBB-   Moodys Rating  Ba2


Security Ticker Symbol VOYA-B OTC Grey Market Ticker  VOYXL

Market Traded ON   NYSE

Dividend Payment Paid on the 15th of March, June, September and December beginning on 9/15/2019

Quarterly Dividend   .334       Annual Dividend  1.3375

Securities may be redeemed, at the issuers option, as early as 9/15/2029  the call price is $25 plus accrued dividends


On and after 9/15/2029 the coupon will reset at an interest rate of the 5 year treasury rate, plus a spread of 3.21% every 5 years.

Dividend Payment will likely be Qualified Distributions

Maturity Date   None


Click here for the offering Prospectus and/or Final Pricing Document

Tim McPartland

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Tim McPartland
Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
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