IGA (Voya Global Advantage and Premium Opportunity Fund) Dividend Payout Ratio: 0.73 (As of Feb. 2026) — 23% Below Median

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IGA Voya Global Advantage and Premium Opportunity Fund IGA
76 GF Score
Price $10.67
GF Value $13.56
Valuation Modestly Undervalued
! 6 Warning Signs
View Full Analysis

What is Voya Global Advantage and Premium Opportunity Fund Dividend Payout Ratio?

Voya Global Advantage and Premium Opportunity Fund IGA -0.09% 76 Dividend Payout Ratio is 0.73 as of Feb. 2026, which is 23% below its 10-year median of 0.95. GuruFocus rates IGA with a GF Score™ of 76/100 and a GF Value™ of $13.56 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 935 Asset Management companies, Voya Global Advantage and Premium Opportunity Fund ranks worse than 59.14% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Voya Global Advantage and Premium Opportunity Fund's Dividend Payout Ratio for the months ended in Feb. 2026 was 0.73.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Voya Global Advantage and Premium Opportunity Fund is 0.83, which seems too high.

The historical rank and industry rank for Voya Global Advantage and Premium Opportunity Fund's Dividend Payout Ratio or its related term are showing as below:

IGA' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.57   Med: 0.95   Max: 4.29
Current: 0.83

During the past 9 years, the highest Dividend Payout Ratio of Voya Global Advantage and Premium Opportunity Fund was 4.29. The lowest was 0.57. And the median was 0.95.

IGA's Dividend Payout Ratio is ranked worse than
59.14% of 935 companies
in the Asset Management industry
Industry Median: 0.67 vs IGA: 0.83

As of today (2026-09-02), the Dividend Yield % of Voya Global Advantage and Premium Opportunity Fund is 9.56%.

During the past 9 years, the highest Trailing Annual Dividend Yield of Voya Global Advantage and Premium Opportunity Fund was 12.65%. The lowest was 7.56%. And the median was 8.87%.

Voya Global Advantage and Premium Opportunity Fund's Dividends per Share for the months ended in Feb. 2026 was $0.51.

During the past 12 months, Voya Global Advantage and Premium Opportunity Fund's average Dividends Per Share Growth Rate was -9.90% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 9.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.00% per year.

During the past 9 years, the highest 3-Year average Dividends Per Share Growth Rate of Voya Global Advantage and Premium Opportunity Fund was 12.80% per year. The lowest was -4.30% per year. And the median was -1.15% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Voya Global Advantage and Premium Opportunity Fund (NYSE:IGA) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Voya Global Advantage and Premium Opportunity Fund Dividend Payout Ratio Related Terms

Voya Global Advantage and Premium Opportunity Fund Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Voya Global Advantage and Premium Opportunity Fund's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Voya Global Advantage and Premium Opportunity Fund Dividend Payout Ratio Chart

Voya Global Advantage and Premium Opportunity Fund Annual Data
Trend Feb18 Feb19 Feb20 Feb21 Feb22 Feb23 Feb24 Feb25 Feb26
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only 0.57 2.46 1.07 0.75 0.83

Voya Global Advantage and Premium Opportunity Fund Semi-Annual Data
Aug17 Feb18 Aug18 Feb19 Aug19 Feb20 Aug20 Feb21 Aug21 Feb22 Aug22 Feb23 Aug23 Feb24 Aug24 Feb25 Aug25 Feb26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.76 0.72 0.80 0.96 0.73

IGA vs PCQ, NAZ, VBF: Dividend Payout Ratio Comparison

For the Asset Management subindustry, Voya Global Advantage and Premium Opportunity Fund's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Voya Global Advantage and Premium Opportunity Fund Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Voya Global Advantage and Premium Opportunity Fund's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Voya Global Advantage and Premium Opportunity Fund's Dividend Payout Ratio falls into.


IGA
76GF Score
Voya Global Advantage and Premium Opportunity Fund IGA
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Voya Global Advantage and Premium Opportunity Fund Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Voya Global Advantage and Premium Opportunity Fund's Dividend Payout Ratio for the fiscal year that ended in Feb. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Feb. 2026 )/ EPS without NRI (A: Feb. 2026 )
=1.02/ 1.23
=0.83

Voya Global Advantage and Premium Opportunity Fund's Dividend Payout Ratio for the quarter that ended in Feb. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Feb. 2026 )/ EPS without NRI (Q: Feb. 2026 )
=0.51/ 0.698
=0.73

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.73 mean?
Voya Global Advantage and Premium Opportunity Fund (IGA) has a Dividend Payout Ratio of 0.73 as of Feb. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Voya Global Advantage and Premium Opportunity Fund and its competitors. This is 23% below median its historical median of 0.95. Over the past decade, Voya Global Advantage and Premium Opportunity Fund's Dividend Payout Ratio has ranged from 0.57 to 4.29. According to the industry distribution chart, Voya Global Advantage and Premium Opportunity Fund ranks #553 out of 935 companies in the Asset Management industry, placing it in the top 59.1%.
Is Voya Global Advantage and Premium Opportunity Fund's Dividend Payout Ratio too high?
Voya Global Advantage and Premium Opportunity Fund's current Dividend Payout Ratio of 0.73 is 23% below median its 10-year median of 0.95. Over the past 10 years, this metric has ranged from a low of 0.57 to a high of 4.29. The Asset Management industry median Dividend Payout Ratio is 0.67. Voya Global Advantage and Premium Opportunity Fund's value of 0.73 is 9% above this industry median. Based on the distribution chart, Voya Global Advantage and Premium Opportunity Fund ranks #553 out of 935 companies in the Asset Management industry, which is below the industry midpoint. Overall, Voya Global Advantage and Premium Opportunity Fund has a GF Score™ of 76/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Voya Global Advantage and Premium Opportunity Fund's Dividend Payout Ratio compare to PCQ and NAZ?
According to the Asset Management industry distribution chart, Voya Global Advantage and Premium Opportunity Fund ranks #553 out of 935 companies for Dividend Payout Ratio. This places Voya Global Advantage and Premium Opportunity Fund in the lower half of its industry. The industry median Dividend Payout Ratio is 0.67. Voya Global Advantage and Premium Opportunity Fund's value of 0.73 is 9% above this benchmark. Historically, Voya Global Advantage and Premium Opportunity Fund's own Dividend Payout Ratio has ranged from 0.57 to 4.29 over the past decade. While the company's 10-year median is 0.95 vs. the industry median of 0.67, Voya Global Advantage and Premium Opportunity Fund has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.67, based on 935 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Voya Global Advantage and Premium Opportunity Fund's current Dividend Payout Ratio of 0.73 is 9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Voya Global Advantage and Premium Opportunity Fund and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.67 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Voya Global Advantage and Premium Opportunity Fund's current Dividend Payout Ratio is 0.73, which is 23% below median its own 10-year median of 0.95. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Voya Global Advantage and Premium Opportunity Fund stock overvalued right now?
Based on GuruFocus' analysis, Voya Global Advantage and Premium Opportunity Fund (IGA) is currently considered Modestly Undervalued. The stock's GF Value™ is $13.56, compared to a current price of $10.67 — trading 21.3% below its estimated fair value. The current Dividend Payout Ratio is 0.73, which is 23% below median its 10-year median of 0.95 and 9% above the Asset Management industry median of 0.67. Voya Global Advantage and Premium Opportunity Fund's overall GF Score™ is 76/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Voya Global Advantage and Premium Opportunity Fund (IGA), the current Dividend Payout Ratio is 0.73 as of Feb. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Voya Global Advantage and Premium Opportunity Fund (IGA) Overvalued in 2026?

Based on GuruFocus' analysis, Voya Global Advantage and Premium Opportunity Fund stock appears to be undervalued. The current stock price of $10.67 is trading 21.3% below its estimated GF Value™ of $13.56. GuruFocus considers Voya Global Advantage and Premium Opportunity Fund to be Modestly Undervalued.

Key valuation signals for IGA:

  • Dividend Payout Ratio: 0.73 (23% below median its 10-year median of 0.95)
  • GF Value™: $13.56 vs. price of $10.67 (21.3% below fair value)
  • GF Score™: 76/100 with 6 warning signs
  • Industry Position: 9% above the Asset Management median (#553 of 935)

No single metric tells the full story. See the IGA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Voya Global Advantage and Premium Opportunity Fund Business Description

Address 7337 East Doubletree Ranch Road, Suite 100, Scottsdale, AZ, USA, 85258
Voya Global Advantage and Premium Opportunity Fund is a United States-based diversified, closed-end management investment company. The fund has two investment objectives. Its primary objective is to provide a high level of income, while the secondary objective is to seek capital appreciation. To achieve these objectives, the fund invests at least 80% of its managed assets in a portfolio of common stocks from various countries around the world, including the United States. Additionally, it uses an integrated derivatives strategies.
76GF Score

Get the complete analysis for IGA

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$10.67
Price
$13.56
GF Value