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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) announced a monthly dividend on Tuesday, March 4th, Wall Street Journal reports. Investors of record on Friday, March 14th will be given a dividend of 0.075 per share by the investment management company on Monday, March 31st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 9.43%. The ex-dividend date of this dividend is Friday, March 14th.

Pioneer Floating Rate Fund Stock Down 0.2 %

NYSE PHD traded down $0.02 during trading hours on Wednesday, hitting $9.55. The company had a trading volume of 72,421 shares, compared to its average volume of 57,232. The firm has a 50 day simple moving average of $9.68 and a 200 day simple moving average of $9.79. Pioneer Floating Rate Fund has a 52 week low of $9.25 and a 52 week 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.