Pioneer Floating Rate Trust (NYSE:PHD) announced a monthly dividend on Wednesday, March 6th, Wall Street Journal reports. Shareholders of record on Tuesday, March 19th will be given a dividend of 0.06 per share by the investment management company on Friday, March 29th. This represents a $0.72 dividend on an annualized basis and a yield of 6.81%. The ex-dividend date is Monday, March 18th.

Pioneer Floating Rate Trust has increased its dividend by an average of 0.9% annually over the last three years.

NYSE:PHD opened at $10.57 on Friday. Pioneer Floating Rate Trust has a 52 week low of $9.56 and a 52 week high of $11.80.

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About Pioneer Floating Rate Trust

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.

See Also: Buyback

Dividend History for Pioneer Floating Rate Trust (NYSE:PHD)

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