PHD (Pioneer Floating Rate Trust) Dividend Payout Ratio: 2.81 (As of May. 2025) — 158% Above Median


PHD Pioneer Floating Rate Trust PHD
12 GF Score
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What is Pioneer Floating Rate Trust Dividend Payout Ratio?

Pioneer Floating Rate Trust PHD 12 Dividend Payout Ratio is 2.81 as of May. 2025, which is 158% above its 10-year median of 1.09. GuruFocus rates PHD with a GF Score™ of 12/100. The stock has 1 warning sign investors should review.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Pioneer Floating Rate Trust's Dividend Payout Ratio for the months ended in May. 2025 was 2.81.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Pioneer Floating Rate Trust is 1.48, which seems too high.

The historical rank and industry rank for Pioneer Floating Rate Trust's Dividend Payout Ratio or its related term are showing as below:

PHD' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.75   Med: 1.09   Max: 7.73
Current: 1.48

During the past 8 years, the highest Dividend Payout Ratio of Pioneer Floating Rate Trust was 7.73. The lowest was 0.75. And the median was 1.09.

PHD's Dividend Payout Ratio is not ranked
in the Asset Management industry.
Industry Median: 0.71 vs PHD: 1.48

As of today (2026-06-25), the Dividend Yield % of Pioneer Floating Rate Trust is 219.89%.

During the past 8 years, the highest Trailing Annual Dividend Yield of Pioneer Floating Rate Trust was 219.89%. The lowest was 5.14%. And the median was 7.88%.

Pioneer Floating Rate Trust's Dividends per Share for the months ended in May. 2025 was $0.45.

During the past 12 months, Pioneer Floating Rate Trust's average Dividends Per Share Growth Rate was -17.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 17.60% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 11.00% per year.

During the past 8 years, the highest 3-Year average Dividends Per Share Growth Rate of Pioneer Floating Rate Trust was 20.20% per year. The lowest was -9.70% per year. And the median was 3.40% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Pioneer Floating Rate Trust (NYSE:PHD) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Pioneer Floating Rate Trust Dividend Payout Ratio Related Terms

Pioneer Floating Rate Trust Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Pioneer Floating Rate Trust's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Pioneer Floating Rate Trust Dividend Payout Ratio Chart

Pioneer Floating Rate Trust Annual Data
Trend Nov17 Nov18 Nov19 Nov20 Nov21 Nov22 Nov23 Nov24
Dividend Payout Ratio
Get a 7-Day Free Trial 7.73 0.75 0.00 0.85 0.89

Pioneer Floating Rate Trust Semi-Annual Data
Nov17 May18 Nov18 May19 Nov19 May20 Nov20 May21 Nov21 May22 Nov22 May23 Nov23 May24 Nov24 May25
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.33 0.63 0.78 1.06 2.81

PHD vs DEFG, PIAC, SVVC: Dividend Payout Ratio Comparison

For the Asset Management subindustry, Pioneer Floating Rate Trust's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Pioneer Floating Rate Trust Dividend Payout Ratio vs Asset Management Industry

For the Asset Management industry and Financial Services sector, Pioneer Floating Rate Trust's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Pioneer Floating Rate Trust's Dividend Payout Ratio falls into.


PHD
12GF Score
Pioneer Floating Rate Trust PHD
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Pioneer Floating Rate Trust Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Pioneer Floating Rate Trust's Dividend Payout Ratio for the fiscal year that ended in Nov. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Nov. 2024 )/ EPS without NRI (A: Nov. 2024 )
=1.188/ 1.34
=0.89

Pioneer Floating Rate Trust's Dividend Payout Ratio for the quarter that ended in May. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: May. 2025 )/ EPS without NRI (Q: May. 2025 )
=0.45/ 0.16
=2.81

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 2.81 mean?
Pioneer Floating Rate Trust (PHD) has a Dividend Payout Ratio of 2.81 as of May. 2025. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Pioneer Floating Rate Trust and its competitors. This is 158% above median its historical median of 1.09. Over the past decade, Pioneer Floating Rate Trust's Dividend Payout Ratio has ranged from 0.75 to 7.73.
Is Pioneer Floating Rate Trust's Dividend Payout Ratio too high?
Pioneer Floating Rate Trust's current Dividend Payout Ratio of 2.81 is 158% above median its 10-year median of 1.09. Over the past 10 years, this metric has ranged from a low of 0.75 to a high of 7.73. The Asset Management industry median Dividend Payout Ratio is 0.71. Pioneer Floating Rate Trust's value of 2.81 is 295.8% above this industry median. Overall, Pioneer Floating Rate Trust has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Pioneer Floating Rate Trust's Dividend Payout Ratio compare to DEFG and PIAC?
Pioneer Floating Rate Trust's Dividend Payout Ratio of 2.81 can be compared against companies in the Asset Management industry. The industry median Dividend Payout Ratio is 0.71. Pioneer Floating Rate Trust's value of 2.81 is 295.8% above this benchmark. Historically, Pioneer Floating Rate Trust's own Dividend Payout Ratio has ranged from 0.75 to 7.73 over the past decade. While the company's 10-year median is 1.09 vs. the industry median of 0.71, Pioneer Floating Rate Trust has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Asset Management company?
The median Dividend Payout Ratio among Asset Management companies is 0.71, based on 935 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pioneer Floating Rate Trust's current Dividend Payout Ratio of 2.81 is 295.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Pioneer Floating Rate Trust and its competitors. For the Asset Management industry, the median Dividend Payout Ratio is 0.71 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Floating Rate Trust's current Dividend Payout Ratio is 2.81, which is 158% above median its own 10-year median of 1.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Pioneer Floating Rate Trust stock overvalued right now?
Pioneer Floating Rate Trust (PHD) has a current Dividend Payout Ratio of 2.81. The current Dividend Payout Ratio is 2.81, which is 158% above median its 10-year median of 1.09 and 295.8% above the Asset Management industry median of 0.71. Pioneer Floating Rate Trust's overall GF Score™ is 12/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Pioneer Floating Rate Trust (PHD), the current Dividend Payout Ratio is 2.81 as of May. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Pioneer Floating Rate Trust Business Description

Address 60 State Street, Boston, MA, USA, 02109
Pioneer Floating Rate Trust is a diversified, closed-end fund. It invests in the fixed income markets of the United States. The fund basically invests in senior secured floating-rate loans. It benchmarks the performance of its portfolio against the other High Yield Loans Index banks.
12GF Score

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