Pioneer Floating Rate Trust (NYSE:PHD) announced a monthly dividend on Thursday, September 5th, NASDAQ reports. Investors of record on Wednesday, September 18th will be paid a dividend of 0.063 per share by the investment management company on Monday, September 30th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.16%. The ex-dividend date of this dividend is Tuesday, September 17th.
Pioneer Floating Rate Trust has raised its dividend by an average of 0.9% annually over the last three years.
Shares of NYSE:PHD opened at $10.56 on Monday. The firm’s 50 day simple moving average is $10.44 and its 200 day simple moving average is $10.54. Pioneer Floating Rate Trust has a fifty-two week low of $9.56 and a fifty-two week high of $11.13.
Pioneer Floating Rate Trust Company Profile
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.
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