Pioneer Floating Rate Trust (Pioneer Floating Rate Trust) FCF Yield % : 8.91 (As of May. 18, 2024)

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What is Pioneer Floating Rate Trust FCF Yield %?

FCF Yield % is calculated as Free Cash Flow divided by Market Capitalization. It is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

As of today, Pioneer Floating Rate Trust's Trailing 12-Month Free Cash Flow is $10.83 Mil, and Market Cap is $121.52 Mil. Therefore, Pioneer Floating Rate Trust's FCF Yield % for today is 8.91%.

The historical rank and industry rank for Pioneer Floating Rate Trust's FCF Yield % or its related term are showing as below:

PHD' s FCF Yield % Range Over the Past 10 Years
Min: 6.24 Med: 11.75 Max: 146.1
Current: 8.91

During the past 7 years, the highest FCF Yield % of Pioneer Floating Rate Trust was 146.10%. The lowest was 6.24%. And the median was 11.75%.

PHD's FCF Yield % is ranked better than
72.25% of 1593 companies
in the Asset Management industry
Industry Median: 2.96 vs PHD: 8.91

Pioneer Floating Rate Trust's FCF Margin % for the quarter that ended in Nov. 2023 was 35.95%.

Pioneer Floating Rate Trust FCF Yield % Historical Data

The historical data trend for Pioneer Floating Rate Trust's FCF Yield % can be seen below:

* 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.

* Premium members only.

Pioneer Floating Rate Trust FCF Yield % Chart

Pioneer Floating Rate Trust Annual Data

Trend

Nov17

Nov18

Nov19

Nov20

Nov21

Nov22

Nov23

FCF Yield %

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10.46

20.20

119.40

18.47

9.73

Pioneer Floating Rate Trust Semi-Annual Data
	Nov17	May18	Nov18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
FCF Yield %	Get a 7-Day Free Trial								-1.82	17.40	18.84	13.14	7.18

Competitive Comparison of Pioneer Floating Rate Trust's FCF Yield %

For the Asset Management subindustry, Pioneer Floating Rate Trust's FCF Yield %, along with its competitors' market caps and FCF 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's FCF Yield % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Pioneer Floating Rate Trust's FCF Yield % distribution charts can be found below:

* The bar in red indicates where Pioneer Floating Rate Trust's FCF Yield % falls into.

Pioneer Floating Rate Trust FCF Yield % Calculation

FCF Yield % is a financial solvency ratio that compares the free cash flow a company is expected to earn against its market value.

Pioneer Floating Rate Trust's FCF Yield % for the fiscal year that ended in Nov. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	/	Market Cap
	=	10.83	/	111.250351
	=	9.73%

Pioneer Floating Rate Trust's annualized FCF Yield % for the quarter that ended in Nov. 2023 is calculated as

FCF Yield %	=	Free Cash Flow	*	Annualized Factor	/	Market Cap
	=	3.993	*	2	/	111.250351
	=	7.18%

Pioneer Floating Rate Trust FCF Yield % Explanation

Similar to Earnings Yield %, FCF Yield % is financial solvency ratio. A lower ratio suggests a less attractive investment, indicating that investors might not receive substantial returns in proportion to their investment. Conversely, a high free cash flow yield signals that a company generates sufficient cash to comfortably meet its debts, obligations, and dividend payments, making it a promising investment choice.

Pioneer Floating Rate Trust FCF Yield % Related Terms

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Pioneer Floating Rate Trust (Pioneer Floating Rate Trust) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Pioneer Floating Rate Trust (NYSE:PHD) » Definitions » FCF Yield %

Comparable Companies

Traded in Other Exchanges

N/A

Address

60 State Street, Boston, MA, USA, 02109

Website

https://www.amundi.com

Pioneer Floating Rate Trust is a diversified fund. It seeks a high level of current income by investing primarily in floating-rate loans. Its investment objective is to provide a high level of current income and seek the preservation of capital.

Executives

Yana Karalnik	officer: CHIEF COMPLIANCE OFFICER	60 STATE STREET, BOSTON MA 02109
Michael Melnick	officer: Assistant Treasurer	60 STATE STREET, BOSTON MA 02109
Koenig Anthony J Jr	officer: Treasurer	60 STATE STREET, BOSTON MA 02109
Craig C Mackay	officer: Trustee	75 WEST 125TH STREET, NEW YORK NY 10027
Saba Capital Management, L.p.	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Diane Durnin	other: Trustee	60 STATE STREET, BOSTON MA 02109
Boaz Weinstein	10 percent owner	405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Baumgardner John E Jr.	other: Trustee	60 STATE STREET, BOSTON MA 02109
John Michael Malone	officer: Chief Compliance Officer	60 STATE STREET, BOSTON MA 02019
Lorraine H Monchak	other: Trustee	60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Fred J Ricciardi	other: Trustee	60 STATE STREET, BOSTON MA 02109
Lisa Jones	officer: Chief Executive Officer	60 STATE STREET, PIONEER INVESTMENTS, BOSTON MA 02109
Mark Goodwin	officer: Executive Vice President	PIONEER INVESTMENTS, 60 STATE STREET, BOSTON MA 02109
Kenneth Taubes	other: Trustee
Marc O Mayer	other: Trustee	C/O ALLIANCE CAPITAL, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105