Pioneer Floating Rate Trust Declares Monthly Dividend of $0.06 (NYSE:PHD)
Pioneer Floating Rate Trust (NYSE:PHD) declared a monthly dividend on Friday, July 7th, Wall Street Journal reports. Shareholders of record on Tuesday, July 18th will be paid a dividend of 0.06 per share by the investment management company on Monday, July 31st. This represents a $0.72 annualized dividend and a yield of 6.03%. The ex-dividend date is Friday, July 14th.
Pioneer Floating Rate Trust has decreased its dividend by an average of 7.2% annually over the last three years.
Shares of Pioneer Floating Rate Trust (NYSE PHD) traded up 0.51% on Friday, reaching $11.94. 57,046 shares of the company’s stock traded hands. The firm’s 50 day moving average is $11.91 and its 200 day moving average is $12.11. Pioneer Floating Rate Trust has a 52 week low of $11.25 and a 52 week high of $12.45.
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Pioneer Floating Rate Trust Company Profile
Pioneer Floating Rate Trust (Trust) is a diversified, closed-end management investment company. The investment objective of the Trust is to provide a high level of current income and the Trust may seek preservation of capital to the extent consistent with its investment objective of high current income, as a secondary objective.
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