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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) announced a monthly dividend on Tuesday, May 6th, Wall Street Journal reports. Stockholders of record on Friday, May 16th will be paid a dividend of 0.075 per share by the investment management company on Friday, May 30th. This represents a $0.90 annualized dividend and a dividend yield of 9.61%. The ex-dividend date is Friday, May 16th.

Pioneer Floating Rate Fund Stock Performance

Shares of NYSE PHD opened at $9.37 on Thursday. Pioneer Floating Rate Fund has a fifty-two week low of $8.25 and a fifty-two week high of $10.05. The business has a 50 day moving average price of $9.32 and a two-hundred day moving average price of $9.60.

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.