Pioneer Floating Rate Fund, Inc. Plans Monthly Dividend of $0.09 (NYSE:PHD)

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) announced a monthly dividend on Thursday, October 3rd, NASDAQ reports. Shareholders of record on Friday, October 18th will be given a dividend of 0.0925 per share by the investment management company on Thursday, October 31st. This represents a $1.11 annualized dividend and a yield of 11.20%. The ex-dividend date is Friday, October 18th.

Pioneer Floating Rate Fund Stock Performance

Shares of NYSE:PHD opened at $9.91 on Wednesday. Pioneer Floating Rate Fund has a 52-week low of $8.46 and a 52-week high of $10.05. The business has a 50-day moving average price of $9.87 and a 200-day moving average price of $9.79.

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.