Voya Global Equity Dividend Fund: Balancing Income and Capital Appreciation

The Voya Global Equity Dividend and Premium Opportunity Fund (NYSE:IGD) is a closed-end fund that offers investors high current income while maintaining exposure to potential upside. The fund invests in a diversified portfolio of dividend-paying equities and can utilize leverage to enhance returns. It is suitable for income-seeking investors who also want to benefit from potential capital appreciation.

Voya Financial, Inc. (VOYA) has been trading at a discount compared to industry averages, presenting an attractive opportunity for investors. The company's forward price-to-earnings multiple of 1.12X is lower than the industry average of 1.92X, the Finance sector’s 4.17X, and the Zacks S&P 500 Composite’s 8.58X VOYA Stock Trading at a Discount to Industry at 1.12X: Time to Buy?^[1]. Despite this discount, Voya Financial has shown impressive performance and growth potential.

Shares of Voya Financial have gained 7% in the year to date, outperforming the industry’s growth of 0.5% VOYA Stock Trading at a Discount to Industry at 1.12X: Time to Buy?^[1]. The Zacks Consensus Estimate for Voya Financial’s 2025 earnings per share indicates a year-over-year increase of 42.7%, with revenues expected to grow by 20.2% VOYA Stock Trading at a Discount to Industry at 1.12X: Time to Buy?^[1]. For 2026, the consensus estimate projects a 16% increase in earnings per share and an 8.3% increase in revenues VOYA Stock Trading at a Discount to Industry at 1.12X: Time to Buy?^[1].

Voya Financial’s strong performance is driven by its solid segmental performances across Wealth Solutions, Investment Management, and Health Solutions. The Wealth Solutions segment has seen significant growth due to higher surplus income, improved investment income, and lower administrative expenses. The Investment Management segment benefits from higher investment capital returns and improved fee revenues. The Health Solutions segment is expected to benefit from growth across all product lines and favorable retention VOYA Stock Trading at a Discount to Industry at 1.12X: Time to Buy?^[1].

The company’s capital levels remain strong, with Voya Financial expecting to deliver improved excess capital generation in 2025 and 2026. This will be driven by Stop Loss repricing, the OneAmerica acquisition, and continued profitable growth across businesses VOYA Stock Trading at a Discount to Industry at 1.12X: Time to Buy?^[1]. Voya Financial’s financial flexibility provides strength to the company, with strong excess capital generation and high free cash flow conversion in line with the targets for 2024 VOYA Stock Trading at a Discount to Industry at 1.12X: Time to Buy?^[1].

Voya Financial has been deploying capital to enhance shareholders' value, increasing the quarterly dividend by 12.5% beginning in the third quarter of 2024. The company’s balance sheet is well-positioned, and it has generated approximately $400 million of capital year-to-date above the 90% target. In the third quarter, Voya Financial will resume share repurchases targeting $200 million in the second half of 2025 VOYA Stock Trading at a Discount to Industry at 1.12X: Time to Buy?^[1].

Optimistic analyst sentiment further supports Voya Financial’s growth prospects. Three out of the five analysts covering the stock have raised estimates for 2025, while four analysts have raised the same for 2026 over the past 30 days VOYA Stock Trading at a Discount to Industry at 1.12X: Time to Buy?^[1].