Nuveen Floating Rate Income Fund (JFR) to Issue Monthly Dividend of $0.07
Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Friday, October 13th will be given a dividend of 0.0675 per share on Wednesday, November 1st. This represents a $0.81 dividend on an annualized basis and a yield of 6.94%. The ex-dividend date of this dividend is Thursday, October 12th.
Nuveen Floating Rate Income Fund has decreased its dividend payment by an average of 4.4% per year over the last three years.
Shares of Nuveen Floating Rate Income Fund (NYSE:JFR) traded down 0.17% during midday trading on Tuesday, reaching $11.67. The company’s stock had a trading volume of 208,699 shares. The stock’s 50 day moving average is $11.73 and its 200 day moving average is $11.75. Nuveen Floating Rate Income Fund has a 12 month low of $10.82 and a 12 month high of $12.34.
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Nuveen Floating Rate Income Fund Company Profile
Nuveen Floating Rate Income Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. It invests approximately 80% of managed assets in adjustable rate loans, primarily secured senior loans. The Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans.
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