Pioneer Floating Rate Trust (PHD) Plans Monthly Dividend of $0.06

Pioneer Floating Rate Trust (NYSE:PHD) declared a monthly dividend on Wednesday, December 20th, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.06 per share by the investment management company on Friday, January 5th. This represents a $0.72 annualized dividend and a yield of 6.26%. The ex-dividend date is Thursday, December 28th.

Pioneer Floating Rate Trust has decreased its dividend payment by an average of 7.2% per year over the last three years.

Shares of Pioneer Floating Rate Trust (NYSE PHD) traded up $0.02 during mid-day trading on Wednesday, reaching $11.50. 163,278 shares of the company’s stock traded hands, compared to its average volume of 81,542. Pioneer Floating Rate Trust has a 52 week low of $11.40 and a 52 week high of $12.45.

TRADEMARK VIOLATION WARNING: “Pioneer Floating Rate Trust (PHD) Plans Monthly Dividend of $0.06” was reported by American Banking News and is the sole property of of American Banking News. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/12/20/pioneer-floating-rate-trust-phd-plans-monthly-dividend-of-0-06.html.

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.

Dividend History for Pioneer Floating Rate Trust (NYSE:PHD)

Receive News & Ratings for Pioneer Floating Rate Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pioneer Floating Rate Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply