Pioneer Floating Rate Fund, Inc. (NYSE:PHD – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.80 and traded as high as $9.85. Pioneer Floating Rate Fund shares last traded at $9.83, with a volume of 43,032 shares.
Pioneer Floating Rate Fund Price Performance
The company’s 50-day simple moving average is $9.88 and its 200-day simple moving average is $9.80.
Pioneer Floating Rate Fund Announces Dividend
The business also recently announced a monthly dividend, which will be paid on Thursday, October 31st. Stockholders of record on Friday, October 18th will be given a dividend of $0.0925 per share. This represents a $1.11 dividend on an annualized basis and a dividend yield of 11.33%. The ex-dividend date is Friday, October 18th.
Hedge Funds Weigh In On Pioneer Floating Rate Fund
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.
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