Pioneer Floating Rate Fund, Inc. (PHD)
| Market Value | 120.78M |
| Revenue (ttm) | 19.57M |
| Net Income (ttm) | 21.14M |
| Shares Out | 12.37M |
| EPS (ttm) | 1.71 |
| PE Ratio | 5.69 |
| Forward PE | n/a |
| Dividend | $1.01 (10.35%) |
| Ex-Dividend Date | Dec 12, 2024 |
| Volume | 16,766 |
| Open | 9.69 |
| Previous Close | 9.72 |
| Day's Range | 9.69 - 9.76 |
| 52-Week Range | 8.92 - 10.05 |
| Beta | 0.59 |
| Analysts | n/a |
| Price Target | n/a |
| Earnings Date | n/a |
About PHD
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. High Yield Loans Index. Pioneer Floating Rate Fund, Inc. was formed on October 6, 2004 and is domiciled in the United States. [Read more]
News
Pioneer Closed-End Funds Required Notice to Shareholders Sources of Distribution Under Section 19(a)
BOSTON--(BUSINESS WIRE)--The following closed-end fund reported sources of distribution for November and this fiscal year to date. Distribution Period: November 2024 Ticker Taxable Fund Distribution...
PHD: Income Seekers Should Start Looking For Other Options
The Pioneer Floating Rate Fund has outperformed bond indices recently due to its investment in floating-rate securities, benefiting from the Federal Reserve's monetary tightening from 2022 to mid-2024...
Amundi US Announces Proposed Transaction Relating to Pioneer Closed-End Funds
BOSTON--(BUSINESS WIRE)--Amundi US today announced a proposed transaction affecting the following Pioneer closed-end funds: Pioneer Diversified High Income Fund, Inc. (NYSEAMER: HNW) Pioneer Floating ...
PHD: This Floater Fund Is Increasing Its Appeal To Risk-Averse Investors
The Pioneer Floating Rate Fund offers a high level of income with an 11.54% yield, comparable to its peers. The fund lacks inflation protection, which may be a concern for investors looking to preserv...
VVR And PHD: Monthly Floating Rate CEFs
VVR and PDH both yield over 11% and pay monthly. We compare NAV valuations, performance, and holdings for both funds. Both funds have positive five-year distribution growth rates.
PHD: Switch From Bonds Into This Floating-Rate Loan Fund
The Pioneer Floating Rate Fund, Inc. offers a high level of current income with a 12.20% current yield, higher than junk bond funds. The PHD closed-end fund has underperformed fixed-rate bond indices ...
VVR And PHD: 2 Monthly Floating Rate CEFs Raising Dividends, Selling At Discounts
Pioneer Floating Rate Fund and Invesco Senior Income Trust have outperformed the S&P 500 thanks to increased monthly distributions. VVR has had the strongest return at 12.54%, compared to 7.87% for PH...
PHD: One Of The Few Debt Funds That Benefits From Rising Rates
Pioneer Floating Rate Fund, Inc. offers a high level of current income with a whopping 12.43% yield. The PHD closed-end fund has outperformed the Bloomberg U.S. Aggregate Bond Index and the S&P 500 In...
Rising Interest Rates Got You Down? Try Floating Above The Fear
Interest rates are likely to remain elevated due to the strong U.S. economy, despite inflation concerns. The U.S. debt has reached a record high, and fears of a government shutdown are exacerbating ma...
PHD: Another Amortizing Fund To Avoid
The Pioneer Floating Rate Fund aims to deliver high current income from floating rate loans. The PHD fund has generated modest long-term returns of 6.0%/3.1%/3.8%/4.6% over 3/5/10/15-year horizons, bu...
PHD: A Laggard In The Leveraged Loan CEF World
The Pioneer Floating Rate Fund has underperformed compared to its peers, despite a rise in disbursable cash flow due to increased interest rates. The fund has tended to choose credits with inferior ri...
PHD And VVR: Two 12% Yielders Raising Dividends, At Discounts
PHD And VVR: Two 12% Yielders Raising Dividends, At Discounts
PHD: Leverage Rising Interest Rates With This High-Yield Floating-Rate Fund
The Pioneer Floating Rate Trust trades at a discount of -11% and pays a monthly distribution that has been raised 5 months in a row. The current annual yield exceeds 11.5% and benefits from rising int...
Two 10% Yielding CEFs Raising Their Monthly Dividends, Selling At Discounts
One of these 2 high yielders has raised its payouts 4 times so far in 2022, the other one has raised it 2X. They yield 9.97% and 10.66%, and pay monthly.
The Quality Closed-End Fund Report, October 2022
Only funds with coverage >100% are considered. Top lists of discount, yield, DxY and DxYxZ are given.
Amundi US Announces Annual Shareholder Meeting Date for Pioneer Closed-End Funds
BOSTON--(BUSINESS WIRE)--Amundi US today announced that the annual shareholder meeting for each of the six Pioneer closed-end funds listed below will be held at the offices of Morgan, Lewis & Bockius ...
PHD - 5.87% Yield From This Loan Fund
Pioneer Floating Rate Fund (PHD) is a leveraged loan fund from the French asset manager Amundi. The fund exhibits a good NAV performance in the past ten years, with only a modest -0.66% annual give-up...
CEF Floating Rate Sector Update: Rates Are Rising Which Should Shine A Light On The Sector
Floating rate ("loan") securities have been out of favor for more than a year as investors saw interest rates plummet. The loan market looks very compelling relative to high-yield fixed coupon bonds. ...
Pioneer Floating Rate Trust Announces Commencement of Tender Offer
BOSTON--(BUSINESS WIRE)--Pioneer Floating Rate Trust (NYSE: PHD) (the “Fund”) announced today that it has commenced a tender offer. The Fund will purchase up to 50% of the Fund's outstanding common sh...
Fund Spotlight: Reasons I Have Been Buying PHD
PHD is a junkier floating rate loan fund that has been attacked by Saba for the last year or more. Saba had collected almost a quarter of the outstanding shares of the fund and began an activist push ...
Generating Alpha With CEF Tender Offers
With yield compression running apace, investors are turning to alpha-generation strategies to drive income-portfolio returns.