Pioneer Floating Rate Trust (PHD) Announces $0.06 Monthly Dividend
Pioneer Floating Rate Trust (NYSE:PHD) announced a monthly dividend on Friday, October 6th, Wall Street Journal reports. Shareholders of record on Wednesday, October 18th will be given a dividend of 0.06 per share by the investment management company on Tuesday, October 31st. This represents a $0.72 dividend on an annualized basis and a yield of 6.04%. The ex-dividend date is Tuesday, October 17th.
Pioneer Floating Rate Trust has decreased its dividend payment by an average of 7.2% annually over the last three years.
Shares of Pioneer Floating Rate Trust (NYSE:PHD) traded up 0.51% during mid-day trading on Friday, hitting $11.93. The stock had a trading volume of 84,582 shares. Pioneer Floating Rate Trust has a 52 week low of $11.36 and a 52 week high of $12.45. The stock has a 50 day moving average of $11.82 and a 200-day moving average of $11.99.
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About Pioneer Floating Rate Trust
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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