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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) announced a monthly dividend on Tuesday, August 6th, Wall Street Journal reports. Investors of record on Tuesday, August 20th will be paid a dividend of 0.0925 per share by the investment management company on Friday, August 30th. This represents a $1.11 annualized dividend and a yield of 11.23%. The ex-dividend date is Tuesday, August 20th.

Pioneer Floating Rate Fund Stock Up 0.5 %

Shares of Pioneer Floating Rate Fund stock opened at $9.88 on Monday. Pioneer Floating Rate Fund has a 12 month low of $8.46 and a 12 month high of $10.05. The stock’s fifty day simple moving average is $9.82 and its 200 day simple moving average is $9.72.

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.