Pioneer Floating Rate Trust (NYSE:PHD) announced a monthly dividend on Tuesday, December 4th, Wall Street Journal reports. Shareholders 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 annualized dividend and a dividend yield of 6.90%. The ex-dividend date of this dividend is Wednesday, December 12th.
Pioneer Floating Rate Trust has decreased its dividend by an average of 4.6% annually over the last three years.
Shares of NYSE:PHD traded down $0.02 during trading on Wednesday, hitting $10.44. 133,069 shares of the company were exchanged, compared to its average volume of 90,542. Pioneer Floating Rate Trust has a 52-week low of $10.34 and a 52-week high of $11.80.
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.
Further Reading: NASDAQ
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.