Pioneer Floating Rate Fund, Inc. Declares Monthly Dividend of $0.09 (NYSE:PHD)

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) declared a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Investors of record on Thursday, December 12th will be given a dividend of 0.085 per share by the investment management company on Thursday, December 19th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 10.31%. The ex-dividend date of this dividend is Thursday, December 12th.

Pioneer Floating Rate Fund Trading Up 0.2 %

Shares of PHD traded up $0.02 during trading hours on Tuesday, hitting $9.89. The stock had a trading volume of 56,750 shares, compared to its average volume of 58,535. The company’s fifty day simple moving average is $9.84 and its 200 day simple moving average is $9.83. Pioneer Floating Rate Fund has a 12-month low of $8.92 and a 12-month high of $10.05.

Pioneer Floating Rate Fund Company Profile

Pioneer Floating Rate Fund, Inc is closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc It invests in the fixed income markets of the United States. The fund primarily invests in senior secured floating-rate loans. It benchmarks the performance of its portfolio against the Barclays U.S.