Pioneer Floating Rate Trust (NYSE:PHD) to Issue Monthly Dividend of $0.06

Pioneer Floating Rate Trust (NYSE:PHD) declared a monthly dividend on Thursday, September 5th, NASDAQ reports. Investors of record on Wednesday, September 18th will be paid a dividend of 0.063 per share by the investment management company on Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a yield of 7.16%. The ex-dividend date of this dividend is Tuesday, September 17th.

Pioneer Floating Rate Trust has raised its dividend payment by an average of 0.9% per year over the last three years.

PHD stock opened at $10.56 on Monday. Pioneer Floating Rate Trust has a 12 month low of $9.56 and a 12 month high of $11.13. The firm has a 50 day moving average of $10.44 and a two-hundred day moving average of $10.54.

Pioneer Floating Rate Trust Company Profile

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.

See Also: Balanced Fund

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

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.