Pioneer Floating Rate Trust (NYSE:PHD) to Issue $0.06 Monthly Dividend
Pioneer Floating Rate Trust (NYSE:PHD) declared a monthly dividend on Wednesday, July 3rd, NASDAQ reports. Stockholders 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 annualized dividend and a dividend yield of 7.10%. The ex-dividend date is Monday, July 15th.
Pioneer Floating Rate Trust has raised its dividend payment by an average of 0.9% annually over the last three years.
Shares of Pioneer Floating Rate Trust stock opened at $10.65 on Friday. The business’s 50 day moving average is $10.56. Pioneer Floating Rate Trust has a 1-year low of $9.56 and a 1-year high of $11.17.
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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