Pioneer Floating Rate Trust (NYSE:PHD) Announces Monthly Dividend of $0.06
Pioneer Floating Rate Trust (NYSE:PHD) announced a monthly dividend on Wednesday, July 3rd, NASDAQ reports. Shareholders of record on Tuesday, July 16th will be paid a dividend of 0.063 per share by the investment management company on Wednesday, July 31st. This represents a $0.76 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date of this dividend is Monday, July 15th.
Pioneer Floating Rate Trust has increased its dividend by an average of 0.9% per year over the last three years.
Shares of NYSE PHD opened at $10.65 on Friday. Pioneer Floating Rate Trust has a 52-week low of $9.56 and a 52-week high of $11.17. The firm has a 50 day moving average price of $10.56.
Pioneer Floating Rate Trust is closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in senior secured floating-rate loans. It benchmarks the performance of its portfolio against the Barclays U.S.
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