Pioneer Floating Rate Trust (NYSE:PHD) Announces Monthly Dividend of $0.06
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.
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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