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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) declared a monthly dividend on Wednesday, September 4th, NASDAQ reports. Shareholders of record on Friday, September 20th will be paid a dividend of 0.0925 per share by the investment management company on Monday, September 30th. This represents a $1.11 dividend on an annualized basis and a dividend yield of 11.13%. The ex-dividend date of this dividend is Friday, September 20th.

Pioneer Floating Rate Fund Trading Up 0.1 %

Shares of NYSE:PHD opened at $9.97 on Thursday. Pioneer Floating Rate Fund has a one year low of $8.46 and a one year high of $10.05. The business’s 50-day simple moving average is $9.84 and its 200 day simple moving average is $9.76.

Pioneer Floating Rate Fund Company Profile

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.