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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) declared 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 dividend on an annualized basis and a dividend yield of 9.32%. The ex-dividend date is Tuesday, February 18th.

Pioneer Floating Rate Fund Price Performance

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

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.