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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) declared a monthly dividend on Tuesday, August 6th, Wall Street Journal reports. Stockholders of record on Tuesday, August 20th will be given a dividend of 0.0925 per share by the investment management company on Friday, August 30th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 11.57%. The ex-dividend date is Tuesday, August 20th.

Pioneer Floating Rate Fund Stock Performance

Shares of NYSE PHD traded up $0.08 during mid-day trading on Wednesday, reaching $9.59. 79,361 shares of the company’s stock were exchanged, compared to its average volume of 62,584. Pioneer Floating Rate Fund has a 52-week low of $8.46 and a 52-week high of $10.05. The company’s 50-day moving average is $9.82 and its 200-day moving average is $9.70.

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.