Pioneer Floating Rate Price, Forecast, Insider, Ratings, Fundamentals & Signals

Boston--(business wire)--amundi us today announced the declaration of dividends for six pioneer closed-end funds for september 2023.

Boston--(business wire)--amundi us today announced the declaration of dividends for six pioneer closed-end funds for august 2023. ex-date:       august 17, 2023 record date:       august 18, 2023 payable:       august 31, 2023   ticker taxable funds distribution per share change from previous month hnw pioneer diversified high income fund, inc. $0.09001 - phd pioneer floating rate fund, inc. $0.0925 - pht pioneer high income fund, inc. $0.0550 -         ticker tax-exempt funds   distribution pe.

Boston--(business wire)--amundi us today announced the declaration of dividends for six pioneer closed-end funds for july 2023. ex-date:     july 20, 2023 record date:     july 21, 2023 payable:     july 31, 2023     ticker taxable funds distribution per share change from previous month hnw pioneer diversified high income fund, inc. $0.09001 - phd pioneer floating rate fund, inc. $0.09252 $0.0025 pht pioneer high income fund, inc. $0.0550 -         ticker tax-exempt funds   distribution per sha.

Boston--(business wire)--amundi us today announced the declaration of dividends for six pioneer closed-end funds for may 2023. ex-date: may 17, 2023 record date: may 18, 2023 payable: may 31, 2023 ticker taxable funds distribution per share change from previous month hnw pioneer diversified high income fund, inc. $0.0900 - phd pioneer floating rate fund, inc. $0.0900 - pht pioneer high income fund, inc. $0.05501,2 -$0.0025 ticker tax-exempt funds distribution per share change from previous month mav pioneer municipal high income advantage fund, inc. $0.03001,3 -$0.0045 mhi pioneer municipal high income fund, inc. $0.03251,4 -$0.0050 mio pioneer municipal high income opportunities fund, inc. $0...

Boston--(business wire)--amundi us today announced the declaration of dividends for six pioneer closed-end funds for april 2023. ex-date: april 18, 2023 record date: april 19, 2023 payable: april 28, 2023 (phd, pht, mav) payable: may 1, 2023 (hnw, mhi, mio) ticker taxable funds distribution per share change from previous month hnw pioneer diversified high income fund, inc. $0.09001 - phd pioneer floating rate fund, inc. $0.09002 $0.0025 pht pioneer high income fund, inc. $0.05751 - ticker tax-exempt funds distribution per share change from previous month mav pioneer municipal high income advantage fund, inc. $0.03451 - mhi pioneer municipal high income fund, inc. $0.03751 - mio pioneer municipal high income opportunities fund, inc...

FRA: Still A Good Way To Earn An Attractive 11% Yield Today (Rating Upgrade)

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 due to lack of price appreciation, but this may change in the coming weeks. The fund invests in floating-rate loans, which provide income and are less affected by changes in interest rates, making it a safer asset to hold.

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 PHD and 4.26% for the S&P 500. VVR has a better long-term track record.

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 Index since the start of 2022. The fund's distribution has varied over the years, due to variations in interest rates.

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 market concerns. Investing in CEFs that hold floating rate senior loans can provide a high yield income stream that benefits from rising interest rates.

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, but its distribution yield may be too generous and unsustainable. Investors should try to avoid amortizing 'return of principal' funds like PHD as they lead to long-term principal losses.

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 risk/reward metrics when compared to its peers. The CEF has a wide discount to NAV on the back of its mediocre performance. The discount will not narrow until we see a new structural bull market.

PHD And VVR: Two 12% Yielders Raising Dividends, At Discounts

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 interest rates due to its mostly floating rate senior secured loans that it holds.

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.