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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Stockholders of record on Thursday, December 12th will be paid a dividend of 0.085 per share by the investment management company on Thursday, December 19th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 10.31%. The ex-dividend date is Thursday, December 12th.

Pioneer Floating Rate Fund Stock Performance

NYSE:PHD traded up $0.02 during mid-day trading on Tuesday, hitting $9.89. 56,750 shares of the company traded hands, compared to its average volume of 58,535. Pioneer Floating Rate Fund has a one year low of $8.92 and a one year high of $10.05. The stock’s fifty day moving average price is $9.84 and its 200-day moving average price is $9.83.

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.