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

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) declared a monthly dividend on Monday, April 7th, Wall Street Journal reports. Investors of record on Thursday, April 17th will be paid a dividend of 0.075 per share by the investment management company on Wednesday, April 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 10.24%. The ex-dividend date is Thursday, April 17th.

Pioneer Floating Rate Fund Stock Down 0.7 %

Shares of PHD traded down $0.07 during mid-day trading on Monday, hitting $8.79. 262,011 shares of the stock were exchanged, compared to its average volume of 59,343. The firm has a 50-day moving average of $9.57 and a two-hundred day moving average of $9.72. Pioneer Floating Rate Fund has a 52-week low of $8.35 and a 52-week 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.