Pioneer Floating Rate Fund, Inc. (NYSE:PHD) Announces $0.06 Monthly Dividend

Pioneer Floating Rate Fund, Inc. (NYSE:PHDGet Rating) declared a monthly dividend on Thursday, May 5th, Wall Street Journal reports. Investors of record on Wednesday, May 18th will be paid a dividend of 0.0575 per share by the investment management company on Tuesday, May 31st. This represents a $0.69 dividend on an annualized basis and a yield of 7.10%. The ex-dividend date of this dividend is Tuesday, May 17th.

Pioneer Floating Rate Fund has raised its dividend payment by an average of 3.2% per year over the last three years.

PHD stock opened at $9.72 on Friday. Pioneer Floating Rate Fund has a 1 year low of $9.72 and a 1 year high of $12.21. The stock’s fifty day moving average is $10.37 and its two-hundred day moving average is $11.24.

Large investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. bought a new position in Pioneer Floating Rate Fund in the 4th quarter worth about $116,000. Advisor Group Holdings Inc. boosted its position in shares of Pioneer Floating Rate Fund by 15.2% during the first quarter. Advisor Group Holdings Inc. now owns 26,817 shares of the investment management company’s stock worth $281,000 after buying an additional 3,544 shares during the period. Royal Bank of Canada boosted its position in shares of Pioneer Floating Rate Fund by 52.6% during the third quarter. Royal Bank of Canada now owns 74,497 shares of the investment management company’s stock worth $856,000 after buying an additional 25,679 shares during the period. Wells Fargo & Company MN increased its position in Pioneer Floating Rate Fund by 4.8% in the 2nd quarter. Wells Fargo & Company MN now owns 106,227 shares of the investment management company’s stock valued at $1,267,000 after acquiring an additional 4,883 shares during the period. Finally, Morgan Stanley increased its position in Pioneer Floating Rate Fund by 23.2% in the 2nd quarter. Morgan Stanley now owns 173,894 shares of the investment management company’s stock valued at $2,075,000 after acquiring an additional 32,780 shares during the period.

About Pioneer Floating Rate Fund (Get Rating)

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.

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Dividend History for Pioneer Floating Rate Fund (NYSE:PHD)

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