Pioneer Floating Rate's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Pioneer Floating Rate (NYSE:PHD) announced a monthly dividend of 9.25 cents per share, with the ex-dividend date set for Thursday. Shareholders owning the stock by the end of Wednesday are eligible for the dividend, payable on February 29, 2024. The stock is expected to open lower by the dividend amount on the ex-dividend date.
February 12, 2024 | 2:45 pm
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Pioneer Floating Rate (PHD) announces a monthly dividend of 9.25 cents per share, with the ex-dividend date this Thursday. Eligible shareholders will receive the dividend on February 29, 2024.
The stock is expected to open lower by the amount of the dividend on the ex-dividend date, reflecting the payout. This is a common occurrence as the dividend payment is accounted for in the stock's price, leading to a temporary decrease in stock value.
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