Voya Emerging Markets High Dividend Equity Fund
IHDFinancial Services · Stock · monthly payer
Forward Yield
8.62%
Annual Dividend
$0.66
Payout Ratio
27%
5-Yr Growth
-21.1%
Ex-Date
Sep 1, 2026
Frequency
Monthly
Summary
As of September 2026, Voya Emerging Markets High Dividend Equity Fund (IHD) yields 8.62% ($0.66 per share annually), with a blended fair-value estimate of $13.10 — +71% upside, so it screens as undervalued. Dividend safety grade: C (65/100).
Is IHD a good dividend stock?
Yes, with caveatsVoya Emerging Markets High Dividend Equity Fund (IHD) pays a monthly dividend yielding 8.62% ($0.66/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
- Comfortable payout ratio (27%)
Risks
- Cut its dividend in 2024
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
Key Data
- Dividend Yield
- 8.62%
- Payout Ratio
- 27%
- Annual Dividend
- $0.66
- 5-Yr Avg Growth
- -21.1%
- Ex-Dividend Date
- Sep 1, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- 3.2
- 5-Yr Total Return
- 4%
- 52-Week Range
- $5.84 – $8.14
- Dividend Safety
- C · 65/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
IHD Price — Last 12 Months
Daily close
Price Return
1 Year
+22%
3 Years
+55%
5 Years
+4%
52-Week Range
$5.84 – $8.14
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is IHD worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Voya Emerging Markets High Dividend Equity Fund is $13.10 per share, versus a market price of $7.66. That implies 71% of upside — a margin of safety of about 42%.
Fair Value
$13.10
Current Price
$7.66
Upside
+71%
Margin of Safety
42%
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: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $2.44 EPS, $0.66 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
IHD 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 |
|---|---|---|---|
| Aug 3, 2026 | — | $0.0550 | regular |
| Jul 1, 2026 | — | $0.0550 | regular |
| Jun 1, 2026 | — | $0.0550 | regular |
| May 1, 2026 | — | $0.0550 | regular |
| Apr 1, 2026 | — | $0.0550 | regular |
| Mar 2, 2026 | — | $0.0550 | regular |
| Feb 2, 2026 | — | $0.0550 | regular |
| Dec 30, 2025 | — | $0.0550 | regular |
| Dec 1, 2025 | — | $0.0550 | regular |
| Nov 3, 2025 | — | $0.0550 | regular |
| Oct 1, 2025 | — | $0.0550 | regular |
| Sep 2, 2025 | — | $0.0550 | regular |
| Aug 1, 2025 | — | $0.0550 | regular |
| Jul 1, 2025 | — | $0.0550 | regular |
Income Calculator
At $0.66 / yr per share
