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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) announced a monthly dividend on Wednesday, February 5th,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 of this dividend is Tuesday, February 18th.

Pioneer Floating Rate Fund Stock Performance

NYSE PHD remained flat at $9.66 on Thursday. 114,575 shares of the company’s stock traded hands, compared to its average volume of 74,999. The firm’s 50 day simple moving average is $9.73 and its 200-day simple moving average is $9.80. Pioneer Floating Rate Fund has a 1 year low of $9.25 and a 1 year high of $10.05.

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.