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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) announced a monthly dividend on Wednesday, March 5th, Wall Street Journal reports. Shareholders 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 annualized dividend and a yield of 9.43%. The ex-dividend date is Friday, March 14th.

Pioneer Floating Rate Fund Price Performance

NYSE PHD traded down $0.02 on Wednesday, hitting $9.55. The company had a trading volume of 72,421 shares, compared to its average volume of 66,169. The company’s fifty day moving average price is $9.68 and its 200-day moving average price is $9.79. Pioneer Floating Rate Fund has a 12-month low of $9.25 and a 12-month high of $10.05.

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.