Pioneer Floating Rate Trust (NYSE:PHD) announced a monthly dividend on Monday, June 5th, Wall Street Journal reports. Investors of record on Thursday, June 15th will be paid a dividend of 0.06 per share by the investment management company on Friday, June 30th. This represents a $0.72 dividend on an annualized basis and a yield of 6.07%. The ex-dividend date is Tuesday, June 13th.
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) remained flat at $11.87 during midday trading on Tuesday. 32,068 shares of the stock were exchanged. Pioneer Floating Rate Trust has a 52 week low of $11.14 and a 52 week high of $12.45. The firm’s 50 day moving average is $12.04 and its 200-day moving average is $12.12.
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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