Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) to Issue $0.07 Monthly Dividend
Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) declared a monthly dividend on Wednesday, August 2nd, Wall Street Journal reports. Investors of record on Tuesday, August 15th will be paid a dividend of 0.0705 per share by the financial services provider on Friday, September 1st. This represents a $0.85 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date of this dividend is Friday, August 11th.
Nuveen Floating Rate Income Opportnty Fd has decreased its dividend by an average of 4.3% per year over the last three years.
Shares of Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) remained flat at $11.86 on Wednesday. 157,052 shares of the company were exchanged. The firm’s 50-day moving average is $11.68 and its 200-day moving average is $11.93. Nuveen Floating Rate Income Opportnty Fd has a one year low of $10.55 and a one year high of $12.93.
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In other news, insider Scott C. Caraher sold 7,611 shares of the stock in a transaction on Thursday, July 13th. The stock was sold at an average price of $11.67, for a total value of $88,820.37. Following the sale, the insider now directly owns 39,800 shares of the company’s stock, valued at $464,466. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Scott C. Caraher sold 12,000 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $11.80, for a total value of $141,600.00. Following the completion of the sale, the insider now directly owns 12,136 shares in the company, valued at $143,204.80. The disclosure for this sale can be found here.
About Nuveen Floating Rate Income Opportnty Fd
Nuveen Floating Rate Income Opportunity Fund is a diversified closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. The Fund invests approximately 80% of its managed assets in adjustable rate loans, primarily secured senior loans. As part of the 80% requirement, the Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans.
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