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.

Dividend History for Nuveen Floating Rate Income Fund (NYSE:JFR)

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