Pioneer Floating Rate Trust (PHD) Receiving Somewhat Positive News Coverage, Analysis Finds

Headlines about Pioneer Floating Rate Trust (NYSE:PHD) have been trending somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Pioneer Floating Rate Trust earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the investment management company an impact score of 46.1608149354594 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.

Pioneer Floating Rate Trust (PHD) traded down 0.51% during mid-day trading on Thursday, reaching $11.69. The company had a trading volume of 51,926 shares. Pioneer Floating Rate Trust has a one year low of $11.36 and a one year high of $12.45. The firm’s 50-day moving average is $11.84 and its 200-day moving average is $12.03.

The firm also recently announced a monthly dividend, which will be paid on Friday, September 29th. Shareholders of record on Monday, September 18th will be issued a $0.06 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.72 dividend on an annualized basis and a yield of 6.13%.

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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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