Favorable Media Coverage Somewhat Unlikely to Impact Pioneer Floating Rate Trust (NYSE:PHD) Share Price
Media coverage about Pioneer Floating Rate Trust (NYSE:PHD) has trended positive on Thursday, Accern Sentiment Analysis reports. The research firm scores the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Pioneer Floating Rate Trust earned a media sentiment score of 0.26 on Accern’s scale. Accern also assigned media coverage about the investment management company an impact score of 46.2082303289789 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Pioneer Floating Rate Trust (PHD) traded down 1.35% during midday trading on Thursday, hitting $11.73. The stock had a trading volume of 133,982 shares. Pioneer Floating Rate Trust has a 52-week low of $11.30 and a 52-week high of $12.45. The company’s 50 day moving average price is $11.89 and its 200-day moving average price is $12.11.
The firm also recently announced a monthly dividend, which will be paid on Thursday, August 31st. Investors of record on Friday, August 18th will be given a dividend of $0.06 per share. This represents a $0.72 annualized dividend and a yield of 6.14%. The ex-dividend date of this dividend is Wednesday, August 16th.
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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