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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) declared a monthly dividend on Wednesday, November 6th, Wall Street Journal reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.085 per share by the investment management company on Monday, December 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 10.45%. The ex-dividend date is Friday, November 15th.

Pioneer Floating Rate Fund Stock Down 0.5 %

Shares of NYSE PHD traded down $0.05 during midday trading on Wednesday, reaching $9.76. 80,461 shares of the company’s stock were exchanged, compared to its average volume of 58,687. Pioneer Floating Rate Fund has a 52-week low of $8.84 and a 52-week high of $10.05. The business’s fifty day moving average price is $9.88 and its two-hundred day moving average price is $9.81.

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.