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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) announced a monthly dividend on Monday, May 6th, Wall Street Journal reports. Stockholders of record on Friday, May 17th will be paid a dividend of 0.0925 per share by the investment management company on Friday, May 31st. This represents a $1.11 dividend on an annualized basis and a dividend yield of 11.53%. The ex-dividend date of this dividend is Thursday, May 16th.

Pioneer Floating Rate Fund Trading Down 0.6 %

Pioneer Floating Rate Fund stock traded down $0.06 during midday trading on Monday, hitting $9.63. The stock had a trading volume of 136,858 shares, compared to its average volume of 65,185. Pioneer Floating Rate Fund has a 52-week low of $8.30 and a 52-week high of $9.81. The firm’s fifty day moving average is $9.65 and its two-hundred day moving average is $9.34.

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.