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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) announced a monthly dividend on Tuesday, November 5th, Wall Street Journal reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.085 per share by the investment management company on Monday, December 2nd. This represents a $1.02 annualized dividend and a dividend yield of 10.45%. The ex-dividend date of this dividend is Friday, November 15th.

Pioneer Floating Rate Fund Trading Down 0.5 %

Shares of Pioneer Floating Rate Fund stock traded down $0.05 during trading on Wednesday, hitting $9.76. 80,961 shares of the company were exchanged, compared to its average volume of 58,690. Pioneer Floating Rate Fund has a fifty-two week low of $8.84 and a fifty-two week high of $10.05. The firm has a 50 day moving average price of $9.88 and a 200 day moving average price of $9.81.

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.