Insider Buying: Stephen West Purchases 6,500 Shares of Pioneer Floating Rate Trust Stock (PHD)
Pioneer Floating Rate Trust (NYSE:PHD) Insider Stephen West purchased 6,500 shares of the company’s stock in a transaction dated Wednesday, October 9th. The stock was purchased at an average price of $12.20 per share, with a total value of $79,300.00. Following the completion of the acquisition, the insider now directly owns 18,500 shares of the company’s stock, valued at approximately $225,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Pioneer Floating Rate Trust (NYSE:PHD) traded up 0.41% during mid-day trading on Wednesday, hitting $12.21. 78,314 shares of the company’s stock traded hands. Pioneer Floating Rate Trust has a one year low of $12.10 and a one year high of $14.59. The stock has a 50-day moving average of $12.59 and a 200-day moving average of $13.2.
The company also recently announced a monthly dividend, which is scheduled for Thursday, October 31st. Investors of record on Thursday, October 17th will be paid a dividend of $0.08 per share. This represents a $0.90 annualized dividend and a dividend yield of 7.37%. The ex-dividend date is Tuesday, October 15th.
Pioneer Floating Rate Trust (NYSE:PHD) is a diversified fund.
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