Pioneer Floating Rate Trust (PHD) Plans Monthly Dividend of $0.06
Pioneer Floating Rate Trust (NYSE:PHD) declared a monthly dividend on Wednesday, December 20th, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.06 per share by the investment management company on Friday, January 5th. This represents a $0.72 annualized dividend and a yield of 6.26%. The ex-dividend date is Thursday, December 28th.
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) traded up $0.02 during mid-day trading on Wednesday, reaching $11.50. 163,278 shares of the company’s stock traded hands, compared to its average volume of 81,542. Pioneer Floating Rate Trust has a 52 week low of $11.40 and a 52 week high of $12.45.
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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