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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) declared a monthly dividend on Thursday, June 5th, Wall Street Journal reports. Investors of record on Wednesday, June 18th will be paid a dividend of 0.075 per share by the investment management company on Monday, June 30th. This represents a $0.90 dividend on an annualized basis and a yield of 9.19%. The ex-dividend date of this dividend is Wednesday, June 18th.

Pioneer Floating Rate Fund Trading Up 0.1%

Pioneer Floating Rate Fund stock opened at $9.79 on Monday. Pioneer Floating Rate Fund has a fifty-two week low of $8.25 and a fifty-two week high of $10.05. The business’s 50-day simple moving average is $9.50 and its two-hundred day simple moving average is $9.58.

Hedge Funds Weigh In On Pioneer Floating Rate Fund

A hedge fund recently raised its stake in Pioneer Floating Rate Fund stock. Royal Bank of Canada raised its holdings in shares of Pioneer Floating Rate Fund, Inc. (NYSE:PHD) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 99,160 shares of the investment management company’s stock after acquiring an additional 3,962 shares during the quarter. Royal Bank of Canada’s holdings in Pioneer Floating Rate Fund were worth $939,000 as of its most recent filing with the SEC.

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.