Pioneer Floating Rate Fund, Inc. Declares 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. Stockholders 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 dividend 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 trading on Wednesday, reaching $9.76. 80,461 shares of the stock were exchanged, compared to its average volume of 58,687. The firm’s 50-day moving average price is $9.88 and its 200 day moving average price is $9.81. Pioneer Floating Rate Fund has a 12-month low of $8.84 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.