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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) declared 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 annualized dividend and a yield of 9.32%. The ex-dividend date is Tuesday, February 18th.

Pioneer Floating Rate Fund Price Performance

PHD opened at $9.66 on Friday. The company has a 50 day moving average of $9.72 and a 200 day moving average of $9.80. Pioneer Floating Rate Fund has a 12 month low of $9.25 and a 12 month 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.