Pioneer Floating Rate Trust Plans Monthly Dividend of $0.06 (PHD)
Pioneer Floating Rate Trust (NYSE:PHD) declared a monthly dividend on Friday, August 4th, Wall Street Journal reports. Stockholders of record on Friday, August 18th will be given a dividend of 0.06 per share by the investment management company on Thursday, August 31st. This represents a $0.72 annualized dividend and a dividend yield of 6.01%. The ex-dividend date is Wednesday, August 16th.
Pioneer Floating Rate Trust has decreased its dividend by an average of 7.2% annually over the last three years.
Pioneer Floating Rate Trust (NYSE PHD) traded down 0.42% during trading on Friday, hitting $11.98. 45,336 shares of the stock traded hands. The firm has a 50-day moving average price of $11.87 and a 200 day moving average price of $12.11. Pioneer Floating Rate Trust has a 52-week low of $11.30 and a 52-week high of $12.45.
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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