Ex-Div Reminder for Pioneer Floating Rate Trust (PHD)

Looking at the universe of stocks we cover at Dividend Channel, on 12/10/14, Pioneer Floating Rate Trust (PHD) will trade ex-dividend, for its monthly dividend of $0.055, payable on 12/18/14. As a percentage of PHD's recent stock price of $11.31, this dividend works out to approximately 0.49%.

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Below is a dividend history chart for PHD, showing historical dividends prior to the most recent $0.055 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 5.84% 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 $11.10 per share, with $13.13 as the 52 week high point — that compares with a last trade of $11.31.

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

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