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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) declared a monthly dividend on Monday, January 6th,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.075 per share by the investment management company on Friday, January 31st. This represents a $0.90 dividend on an annualized basis and a yield of 9.34%. The ex-dividend date of this dividend is Wednesday, January 15th.

Pioneer Floating Rate Fund Stock Down 1.1 %

Shares of NYSE PHD traded down $0.11 during midday trading on Monday, reaching $9.64. 252,453 shares of the stock were exchanged, compared to its average volume of 132,766. Pioneer Floating Rate Fund has a twelve month low of $9.12 and a twelve month high of $10.05. The company has a 50 day simple moving average of $9.80 and a 200 day simple moving average of $9.83.

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.