|Bid||11.17 x 1100|
|Ask||11.18 x 800|
|Day's Range||11.01 - 11.19|
|52 Week Range||5.80 - 11.39|
|Beta (5Y Monthly)||0.76|
|PE Ratio (TTM)||147.11|
|Forward Dividend & Yield||0.75 (6.82%)|
|Ex-Dividend Date||Feb 17, 2021|
|1y Target Est||N/A|
Amundi US today announced the declaration of dividends for five Pioneer closed-end funds for February 2021.
Pioneer Floating Rate Trust (NYSE: PHD) today reported sources of distribution for January this fiscal year to date.
On January 7, 2021, Pioneer Floating Rate (NYSE:PHD) declared a dividend payable on January 29, 2021 to its shareholders. Pioneer Floating Rate also announced that shareholders on the company's books on or before January 20, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Pioneer Floating Rate, whose current dividend payout is $0.06, has an ex-dividend date set at January 19, 2021. The payout equates to a dividend yield of 7.37% at current price levels.The Significance Of An Ex-Dividend Date Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.Pioneer Floating Rate's Dividend Performance Over the past year, Pioneer Floating Rate has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on September 15, 2020 the company's payout was $0.06, which has returned to its value today. Pioneer Floating Rate's dividend yield last year was 7.25%, which has since grown by 0.12%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.To read more news on Pioneer Floating Rate click here.See more from Benzinga * Click here for options trades from Benzinga * Analyzing MFS Municipal Income Trust's Ex-Dividend Date * Understanding Pioneer Municipal High Incm Advntg Trust's Ex-Dividend Date(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.