Pioneer High Income Trust Plans Monthly Dividend of $0.07 (NYSE:PHT)

Pioneer High Income Trust (NYSE:PHT) declared a monthly dividend on Wednesday, July 3rd, NASDAQ reports. Stockholders of record on Tuesday, July 16th will be given a dividend of 0.068 per share by the closed-end fund on Wednesday, July 31st. This represents a $0.82 dividend on an annualized basis and a dividend yield of 8.75%. The ex-dividend date is Monday, July 15th.

Pioneer High Income Trust has decreased its dividend payment by an average of 17.8% per year over the last three years.

NYSE PHT opened at $9.33 on Friday. The company’s 50 day simple moving average is $9.14. Pioneer High Income Trust has a 52-week low of $7.76 and a 52-week high of $9.39.

About Pioneer High Income Trust

Pioneer High Income Trust is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in fixed income markets of the United States. The fund primarily invests in below-investment-grade bonds, high-yield corporate bonds, and convertible securities. It seeks to invest in bonds that are rated BBB- or lower by Standard and Poor's or a similar national rating service.

See Also: Leveraged Buyout (LBO)

Dividend History for Pioneer High Income Trust (NYSE:PHT)

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