Pioneer Floating Rate Trust About To Put More Money In Your Pocket (PHD)

Looking at the universe of stocks we cover at Dividend Channel, on 2/18/14, Pioneer Floating Rate Trust ( PHD) will trade ex-dividend, for its monthly dividend of $0.075, payable on 2/28/14. As a percentage of PHD's recent stock price of $12.98, this dividend works out to approximately 0.58%, so look for shares of Pioneer Floating Rate Trust to trade 0.58% lower — all else being equal — when PHD shares open for trading on 2/18/14.

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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 6.93% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of PHD shares, versus its 200 day moving average:

Pioneer Floating Rate Trust 200 Day Moving Average Chart

Looking at the chart above, PHD's low point in its 52 week range is $12.05 per share, with $14.59 as the 52 week high point — that compares with a last trade of $12.98.

In Friday trading, Pioneer Floating Rate Trust shares are currently off about 0.1% on the day.

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