Pioneer Floating Rate Fund, Inc. (NYSE:PHD – Get 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.
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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