Voya Global Advantage and Premium Opportunity Fund
IGAFinancial Services · Stock · monthly payer
Forward Yield
9.82%
Annual Dividend
$1.02
Payout Ratio
83%
5-Yr Growth
-15.5%
Ex-Date
Oct 1, 2026
Frequency
Monthly
Summary
As of September 2026, Voya Global Advantage and Premium Opportunity Fund (IGA) yields 9.82% ($1.02 per share annually), with a blended fair-value estimate of $14.68 — +38% upside, so it screens as undervalued. Dividend safety grade: C (61/100).
Is IGA a good dividend stock?
Yes, with caveatsVoya Global Advantage and Premium Opportunity Fund (IGA) pays a monthly dividend yielding 9.82% ($1.02/yr), with 0 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 2024
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 9.82%
- Payout Ratio
- 83%
- Annual Dividend
- $1.02
- 5-Yr Avg Growth
- -15.5%
- Ex-Dividend Date
- Oct 1, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.46
- Market Cap
- $157.3M
- P/E Ratio
- 8.4
- 5-Yr Total Return
- 7%
- 52-Week Range
- $9.21 – $10.75
- Dividend Safety
- C · 61/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
IGA Price — Last 12 Months
Daily close
Price Return
1 Year
+10%
3 Years
+35%
5 Years
+7%
52-Week Range
$9.21 – $10.75
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is IGA worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Voya Global Advantage and Premium Opportunity Fund is $14.68 per share, versus a market price of $10.67. That implies 38% of upside — a margin of safety of about 27%.
Fair Value
$14.68
Current Price
$10.67
Upside
+38%
Margin of Safety
27%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 7.0% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $1.23 EPS, $1.02 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
IGA 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
Full IGA dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 1, 2026 | — | $0.0850 | regular |
| Aug 3, 2026 | — | $0.0850 | regular |
| Jul 1, 2026 | — | $0.0850 | regular |
| Jun 1, 2026 | — | $0.0850 | regular |
| May 1, 2026 | — | $0.0850 | regular |
| Apr 1, 2026 | — | $0.0850 | regular |
| Mar 2, 2026 | — | $0.0850 | regular |
| Feb 2, 2026 | — | $0.0850 | regular |
| Dec 30, 2025 | — | $0.0850 | regular |
| Dec 1, 2025 | — | $0.0850 | regular |
| Nov 3, 2025 | — | $0.0850 | regular |
| Oct 1, 2025 | — | $0.0850 | regular |
| Sep 2, 2025 | — | $0.0850 | regular |
| Aug 1, 2025 | — | $0.0850 | regular |
Income Calculator
At $1.02 / yr per share
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