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

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 of this dividend is Friday, March 14th.

Pioneer Floating Rate Fund Trading Down 0.2 %

PHD stock traded down $0.02 during mid-day trading on Wednesday, hitting $9.55. 72,421 shares of the stock were exchanged, compared to its average volume of 57,232. The business has a fifty day moving average price of $9.68 and a 200 day moving average price of $9.79. Pioneer Floating Rate Fund has a 12 month low of $9.25 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.