Pioneer Floating Rate Trust (NYSE:PHD) declared a monthly dividend on Tuesday, December 4th, Wall Street Journal reports. Investors of record on Thursday, December 13th will be given a dividend of 0.06 per share by the investment management company on Thursday, December 20th. This represents a $0.72 dividend on an annualized basis and a yield of 6.90%. The ex-dividend date is Wednesday, December 12th.
Pioneer Floating Rate Trust has decreased its dividend payment by an average of 4.6% per year over the last three years.
PHD stock traded down $0.02 during trading on Wednesday, reaching $10.44. 133,069 shares of the stock were exchanged, compared to its average volume of 90,542. Pioneer Floating Rate Trust has a twelve month low of $10.34 and a twelve month high of $11.80.
TRADEMARK VIOLATION WARNING: This piece of content was first posted by WKRB News and is owned by of WKRB News. If you are accessing this piece of content on another site, it was illegally copied and reposted in violation of U.S. and international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://www.wkrb13.com/2018/12/05/pioneer-floating-rate-trust-to-issue-monthly-dividend-of-0-06-phd.html.
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.
Recommended Story: What are catch-up contributions?
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.