Pioneer Floating Rate Trust (NYSE:PHD) Stock Passes Below 50 Day Moving Average of $10.55
Shares of Pioneer Floating Rate Trust (NYSE:PHD) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $10.55 and traded as low as $10.59. Pioneer Floating Rate Trust shares last traded at $10.61, with a volume of 26,792 shares traded.
The company has a 50 day simple moving average of $10.56.
The firm also recently announced a monthly dividend, which will be paid on Wednesday, July 31st. Shareholders of record on Tuesday, July 16th will be issued a dividend of $0.063 per share. The ex-dividend date is Monday, July 15th. This represents a $0.76 annualized dividend and a yield of 7.10%.
Pioneer Floating Rate Trust Company Profile (NYSE:PHD)
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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