Pioneer Floating Rate Trust (NYSE:PHD) announced a monthly dividend on Thursday, September 6th, Wall Street Journal reports. Investors of record on Tuesday, September 18th will be paid a dividend of 0.06 per share by the investment management company on Friday, September 28th. This represents a $0.72 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date of this dividend is Monday, September 17th.
Pioneer Floating Rate Trust has decreased its dividend by an average of 4.6% per year over the last three years.
Shares of NYSE:PHD opened at $11.07 on Friday. Pioneer Floating Rate Trust has a 1-year low of $10.91 and a 1-year high of $12.22.
Pioneer Floating Rate Trust Company Profile
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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