Cash Dividend On The Way From Pioneer Floating Rate Trust (PHD)

Looking at the universe of stocks we cover at Dividend Channel, on 4/12/13, Pioneer Floating Rate Trust (PHD) PHD will trade ex-dividend, for its monthly dividend of $0.075, payable on 4/30/13. As a percentage of PHD's recent stock price of $13.90, this dividend works out to approximately 0.54%, so look for shares of Pioneer Floating Rate Trust to trade 0.54% lower — all else being equal — when PHD shares open for trading on 4/12/13.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for PHD, showing historical dividends prior to the most recent $0.075 declared by Pioneer Floating Rate Trust:

PHD+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PHD is likely to continue, and whether the current estimated yield of 6.47% on annualized basis is a reasonable expectation of annual yield going forward.

In Wednesday trading, Pioneer Floating Rate Trust shares are currently off about 0.3% on the day.

null

More from Stocks

Coke's a Better Stock to Buy Than Pepsi on Surprising North America Sales
Amazon Crushes Quarterly Earnings Estimates, Raises the Price of Prime

Amazon Crushes Quarterly Earnings Estimates, Raises the Price of Prime

Barbie Flexes Her Muscle in Mattel's Q1 Earnings

Barbie Flexes Her Muscle in Mattel's Q1 Earnings

Amazon Crushes First-Quarter Profit Estimates -- Watch TheStreet's Live Analysis

Amazon Crushes First-Quarter Profit Estimates -- Watch TheStreet's Live Analysis

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb

Dow Jumps 238 Points as S&P 500, Nasdaq Also Climb