Pioneer Floating Rate Fund, Inc. (NYSE:PHD – Get Rating) declared a monthly dividend on Monday, June 6th, Wall Street Journal reports. Shareholders of record on Thursday, June 16th will be given a dividend of 0.06 per share by the investment management company on Thursday, June 30th. This represents a $0.72 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date of this dividend is Wednesday, June 15th. This is a boost from Pioneer Floating Rate Fund’s previous monthly dividend of $0.06.
Pioneer Floating Rate Fund has raised its dividend payment by an average of 3.2% annually over the last three years.
Shares of Pioneer Floating Rate Fund stock traded up $0.11 on Monday, reaching $9.40. 95,516 shares of the company were exchanged, compared to its average volume of 52,538. The company’s 50-day moving average is $9.88 and its two-hundred day moving average is $10.88. Pioneer Floating Rate Fund has a 1-year low of $9.11 and a 1-year high of $12.21.
Pioneer Floating Rate Fund Company Profile (Get Rating)
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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