Media coverage about Pioneer Floating Rate (NYSE:PHD) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Pioneer Floating Rate earned a news sentiment score of 0.04 on Accern’s scale. Accern also gave news headlines about the investment management company an impact score of 45.6919819939771 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of Pioneer Floating Rate stock opened at $11.58 on Monday. Pioneer Floating Rate has a 52-week low of $11.27 and a 52-week high of $12.45.
The firm also recently announced a monthly dividend, which will be paid on Monday, April 30th. Shareholders of record on Wednesday, April 18th will be given a dividend of $0.06 per share. The ex-dividend date is Tuesday, April 17th. This represents a $0.72 dividend on an annualized basis and a yield of 6.22%.
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About Pioneer Floating Rate
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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