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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) declared a monthly dividend on Monday, January 6th,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.075 per share by the investment management company on Friday, January 31st. This represents a $0.90 annualized dividend and a yield of 9.34%. The ex-dividend date of this dividend is Wednesday, January 15th.

Pioneer Floating Rate Fund Stock Performance

PHD traded down $0.11 on Monday, reaching $9.64. 252,453 shares of the company’s stock were exchanged, compared to its average volume of 132,766. Pioneer Floating Rate Fund has a twelve month low of $9.12 and a twelve month high of $10.05. The stock’s fifty day moving average price is $9.80 and its 200-day moving average price is $9.83.

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.