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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) announced a monthly dividend on Monday, January 6th,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given 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 dividend yield of 9.34%. The ex-dividend date of this dividend is Wednesday, January 15th.

Pioneer Floating Rate Fund Trading Down 1.0 %

Shares of PHD stock opened at $9.64 on Tuesday. The stock’s fifty day simple moving average is $9.79 and its 200-day simple moving average is $9.83. Pioneer Floating Rate Fund has a 1-year low of $9.12 and a 1-year 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.