Pioneer Floating Rate Fund, Inc. (PHD) to Issue Monthly Dividend of $0.08 on January 31st

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 dividend on an annualized basis and a dividend yield of 9.30%. The ex-dividend date of this dividend is Wednesday, January 15th.

Pioneer Floating Rate Fund Trading Down 0.5 %

Shares of Pioneer Floating Rate Fund stock opened at $9.68 on Monday. The business has a 50-day moving average price of $9.78 and a two-hundred day moving average price of $9.83. Pioneer Floating Rate Fund has a 1-year low of $9.12 and a 1-year 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.