Pioneer Floating Rate Trust (PHD) Receiving Somewhat Favorable Press Coverage, Accern Reports


News headlines about Pioneer Floating Rate Trust (NYSE:PHD) have trended somewhat positive on Thursday, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Pioneer Floating Rate Trust earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned media headlines about the investment management company an impact score of 46.8710327510951 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.


Shares of Pioneer Floating Rate Trust remained flat at $$11.42 during mid-day trading on Thursday, according to Marketbeat.com. The stock had a trading volume of 100 shares, compared to its average volume of 88,751. Pioneer Floating Rate Trust has a fifty-two week low of $11.27 and a fifty-two week high of $12.22.

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The business also recently announced a monthly dividend, which will be paid on Thursday, May 31st. Stockholders of record on Wednesday, May 16th will be issued a $0.06 dividend. The ex-dividend date is Tuesday, May 15th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 6.30%.


About Pioneer Floating Rate Trust

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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