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

Pioneer High Income Trust (NYSE:PHT) announced a monthly dividend on Wednesday, June 5th, Wall Street Journal reports. Stockholders of record on Tuesday, June 18th will be paid a dividend of 0.0675 per share by the closed-end fund on Friday, June 28th. This represents a $0.81 annualized dividend and a dividend yield of 8.80%. The ex-dividend date of this dividend is Monday, June 17th.

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

Shares of Pioneer High Income Trust stock opened at $9.20 on Wednesday. Pioneer High Income Trust has a 12 month low of $7.76 and a 12 month high of $9.50.

An institutional investor recently raised its position in Pioneer High Income Trust stock. Morgan Stanley increased its position in shares of Pioneer High Income Trust (NYSE:PHT) by 9.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,676 shares of the closed-end fund’s stock after acquiring an additional 1,953 shares during the period. Morgan Stanley’s holdings in Pioneer High Income Trust were worth $202,000 as of its most recent filing with the Securities and Exchange Commission.

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Pioneer High Income Trust Company Profile

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.

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

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