Pioneer Floating Rate Trust (NYSE:PHD) announced a monthly dividend on Wednesday, February 7th, Wall Street Journal reports. Shareholders of record on Friday, February 16th will be paid a dividend of 0.06 per share by the investment management company on Wednesday, February 28th. This represents a $0.72 annualized dividend and a dividend yield of 6.31%. The ex-dividend date is Thursday, February 15th.
Pioneer Floating Rate Trust has decreased its dividend payment by an average of 4.6% annually over the last three years.
Shares of Pioneer Floating Rate Trust (PHD) traded up $0.04 during mid-day trading on Wednesday, hitting $11.41. The company’s stock had a trading volume of 167,261 shares, compared to its average volume of 82,727. Pioneer Floating Rate Trust has a twelve month low of $11.27 and a twelve month high of $12.45.
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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