Pioneer Floating Rate Fund, Inc. to Issue 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 paid a dividend of 0.085 per share by the investment management company on Thursday, December 19th. This represents a $1.02 annualized dividend and a yield of 10.31%. The ex-dividend date of this dividend is Thursday, December 12th.

Pioneer Floating Rate Fund Stock Up 0.2 %

Shares of NYSE:PHD traded up $0.02 during trading on Tuesday, reaching $9.89. 56,750 shares of the stock were exchanged, compared to its average volume of 58,535. Pioneer Floating Rate Fund has a 12-month low of $8.92 and a 12-month high of $10.05. The firm’s 50-day moving average price is $9.84 and its 200 day moving average price is $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.