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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) announced a monthly dividend on Monday, April 7th, Wall Street Journal reports. Stockholders of record on Thursday, April 17th will be paid a dividend of 0.075 per share by the investment management company on Wednesday, April 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 9.91%. The ex-dividend date is Thursday, April 17th.

Pioneer Floating Rate Fund Trading Up 0.7 %

Shares of PHD stock opened at $9.08 on Tuesday. The firm’s fifty day moving average price is $9.47 and its two-hundred day moving average price is $9.67. Pioneer Floating Rate Fund has a 1 year low of $8.25 and a 1 year high of $10.05.

About Pioneer Floating Rate Fund

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.