Pioneer Floating Rate Trust (NYSE:PHD) announced a monthly dividend on Friday, July 7th, Wall Street Journal reports. Stockholders of record on Tuesday, July 18th will be given a dividend of 0.06 per share by the investment management company on Monday, July 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 5.99%. The ex-dividend date of this dividend is Friday, July 14th.

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

Pioneer Floating Rate Trust (NYSE:PHD) traded up 0.75% during mid-day trading on Thursday, reaching $12.03. The company had a trading volume of 40,991 shares. The stock’s market capitalization is $297.60 million. The company’s 50-day moving average is $11.87 and its 200-day moving average is $12.11. Pioneer Floating Rate Trust has a one year low of $11.30 and a one year high of $12.45.

WARNING: This article was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another site, it was illegally copied and reposted in violation of US and international copyright legislation. The correct version of this article can be read at

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.

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

Receive News & Stock 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 stocks with our FREE daily email newsletter.