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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) announced a monthly dividend on Thursday, February 6th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.075 per share by the investment management company on Friday, February 28th. This represents a $0.90 annualized dividend and a dividend yield of 9.32%. The ex-dividend date is Tuesday, February 18th.

Pioneer Floating Rate Fund Stock Performance

Pioneer Floating Rate Fund stock remained flat at $9.66 during trading hours on Thursday. The company’s stock had a trading volume of 114,575 shares, compared to its average volume of 74,998. The business has a 50 day moving average of $9.73 and a 200 day moving average of $9.80. Pioneer Floating Rate Fund has a 1 year low of $9.25 and a 1 year high of $10.05.

About Pioneer Floating Rate Fund

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.