Pioneer Floating Rate Fund, Inc. (NYSE:PHD) Announces $0.08 Monthly Dividend

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) declared a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.075 per share by the investment management company on Monday, March 31st. This represents a $0.90 dividend on an annualized basis and a yield of 9.43%. The ex-dividend date is Friday, March 14th.

Pioneer Floating Rate Fund Price Performance

NYSE PHD traded up $0.04 on Wednesday, reaching $9.55. The stock had a trading volume of 17,200 shares, compared to its average volume of 57,397. Pioneer Floating Rate Fund has a 12-month low of $9.25 and a 12-month high of $10.05. The business’s 50-day moving average price is $9.66 and its 200 day moving average price is $9.78.

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.