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Pioneer Floating Rate Trust Retained Earnings

: $-92.54 Mil (As of May. 2020)
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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Pioneer Floating Rate Trust's retained earnings for the quarter that ended in May. 2020 was $-92.54 Mil.

Pioneer Floating Rate Trust's quarterly retained earnings increased from May. 2019 ($-66.23 Mil) to Nov. 2019 ($-52.21 Mil) but then declined from Nov. 2019 ($-52.21 Mil) to May. 2020 ($-92.54 Mil).

Pioneer Floating Rate Trust's annual retained earnings declined from Nov. 2017 ($-0.04 Mil) to Nov. 2018 ($-65.79 Mil) but then increased from Nov. 2018 ($-65.79 Mil) to Nov. 2019 ($-52.21 Mil).

Pioneer Floating Rate Trust Retained Earnings Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Pioneer Floating Rate Trust Annual Data
Nov17 Nov18 Nov19
Retained Earnings -0.04 -65.79 -52.21

Pioneer Floating Rate Trust Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20
Retained Earnings Premium Member Only -0.60 -65.79 -66.23 -52.21 -92.54

Pioneer Floating Rate Trust Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Pioneer Floating Rate Trust  (NYSE:PHD) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Pioneer Floating Rate Trust Retained Earnings Headlines

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