Pioneer Floating Rate Fund, Inc. (PHD) To Go Ex-Dividend on November 15th

Pioneer Floating Rate Fund, Inc. (NYSE:PHD) announced a monthly dividend on Tuesday, November 5th,Wall Street Journal reports. Investors of record on Friday, November 15th will be paid a dividend of 0.085 per share by the investment management company on Monday, December 2nd. This represents a $1.02 annualized dividend and a yield of 10.41%. The ex-dividend date is Friday, November 15th.

Pioneer Floating Rate Fund Price Performance

Shares of NYSE:PHD opened at $9.80 on Wednesday. Pioneer Floating Rate Fund has a 52-week low of $8.84 and a 52-week high of $10.05. The stock has a 50 day moving average price of $9.87 and a 200-day moving average price of $9.82.

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.