Pioneer High Income Trust (NYSE:PHT) Announces Dividend Increase – $0.07 Per Share

Pioneer High Income Trust (NYSE:PHT) announced a monthly dividend on Wednesday, April 7th, Wall Street Journal reports. Stockholders of record on Monday, April 19th will be given a dividend of 0.0725 per share by the closed-end fund on Friday, April 30th. This represents a $0.87 dividend on an annualized basis and a dividend yield of 9.21%. The ex-dividend date of this dividend is Friday, April 16th. This is an increase from Pioneer High Income Trust’s previous monthly dividend of $0.07.

PHT opened at $9.45 on Thursday. Pioneer High Income Trust has a 1 year low of $6.36 and a 1 year high of $9.62. The stock’s 50 day simple moving average is $9.31 and its 200-day simple moving average is $8.81.

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.

Further Reading: Cost of Goods Sold (COGS)

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

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