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

Looking at the universe of stocks we cover at Dividend Channel, on 6/15/15, Pioneer Floating Rate Trust ( PHD) will trade ex-dividend, for its monthly dividend of $0.06, payable on 6/30/15. As a percentage of PHD's recent stock price of $11.58, this dividend works out to approximately 0.52%, so look for shares of Pioneer Floating Rate Trust to trade 0.52% lower — all else being equal — when PHD shares open for trading on 6/15/15.

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 $0.06 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 6.22% 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

If you liked this article you might like

3 Stocks With Upcoming Ex-Dividend Dates: MN, PHD, BGY

Ex-Dividend Alert: 3 Stocks Going Ex-Dividend Monday: GCV, PHD, GGN

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tuesday: HYF, PHD, MCR

Ex-Dividends To Watch: 3 Stocks Going Ex-Dividend Tomorrow: FULL, PHD, RSO

3 Stocks Going Ex-Dividend Tomorrow: MYF, PHD, BLW