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.
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.
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.
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, 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.
* 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.
PHD vs DEFG, PIAC, SVVC: Dividend Yield % Comparison
For the Asset Management subindustry, Pioneer Floating Rate Trust's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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 Yield % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, Pioneer Floating Rate Trust's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Pioneer Floating Rate Trust's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Pioneer Floating Rate Trust Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.075000
2025-07-18
2025-07-18
2025-07-31
Cash Dividend
monthly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
* 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 (PHD) has a Dividend Yield % of 219.89% as of Jun. 25, 2026. Dividend yield is the ratio of company dividends to the share price. View historical data on Pioneer Floating Rate Trust and its competitors. This is 2690% above median its historical median of 7.88. Over the past decade, Pioneer Floating Rate Trust's Dividend Yield % has ranged from 5.14 to 219.89.
Is Pioneer Floating Rate Trust's Dividend Yield % too high?
Pioneer Floating Rate Trust's current Dividend Yield % of 219.89% is 2690% above median its 10-year median of 7.88. Over the past 10 years, this metric has ranged from a low of 5.14 to a high of 219.89. The Asset Management industry median Dividend Yield % is 6.03. Pioneer Floating Rate Trust's value of 219.89% is 3546.6% 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 Yield % compare to DEFG and PIAC?
Pioneer Floating Rate Trust's Dividend Yield % of 219.89% can be compared against companies in the Asset Management industry. The industry median Dividend Yield % is 6.03. Pioneer Floating Rate Trust's value of 219.89% is 3546.6% above this benchmark. Historically, Pioneer Floating Rate Trust's own Dividend Yield % has ranged from 5.14 to 219.89 over the past decade. While the company's 10-year median is 7.88 vs. the industry median of 6.03, 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 Yield % for an Asset Management company?
The median Dividend Yield % among Asset Management companies is 6.03, based on 1,115 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Pioneer Floating Rate Trust's current Dividend Yield % of 219.89% is 3546.6% 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 Yield % mean?
A high Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Dividend yield is the ratio of company dividends to the share price. View historical data on Pioneer Floating Rate Trust and its competitors. For the Asset Management industry, the median Dividend Yield % is 6.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Pioneer Floating Rate Trust's current Dividend Yield % is 219.89%, which is 2690% above median its own 10-year median of 7.88. 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 Yield % of 219.89%. The current Dividend Yield % is 219.89%, which is 2690% above median its 10-year median of 7.88 and 3546.6% above the Asset Management industry median of 6.03. 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 Yield % calculated?
Dividend Yield % is calculated from a company's financial statements. For Pioneer Floating Rate Trust (PHD), the current Dividend Yield % is 219.89% as of Jun. 25, 2026. 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 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.
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