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 Tuesday, March 4th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.075 per share by the investment management company on Monday, March 31st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 9.43%. The ex-dividend date is Friday, March 14th.

Pioneer Floating Rate Fund Price Performance

Shares of NYSE:PHD opened at $9.55 on Thursday. The business’s 50-day moving average is $9.68 and its 200-day moving average is $9.79. Pioneer Floating Rate Fund has a 1 year low of $9.25 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.