Pioneer Floating Rate Trust (NYSE:PHD) announced a monthly dividend on Tuesday, December 5th, Wall Street Journal reports. Investors of record on Thursday, December 14th will be paid a dividend of 0.06 per share by the investment management company on Monday, December 18th. This represents a $0.72 annualized dividend and a yield of 6.23%. The ex-dividend date is Wednesday, December 13th.
Pioneer Floating Rate Trust has decreased its dividend by an average of 7.2% annually over the last three years.
Shares of Pioneer Floating Rate Trust (PHD) traded up $0.05 during midday trading on Wednesday, reaching $11.55. 44,300 shares of the company traded hands, compared to its average volume of 80,026. Pioneer Floating Rate Trust has a one year low of $11.40 and a one year high of $12.45.
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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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