Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Shareholders of record on Friday, October 13th will be given a dividend of 0.0705 per share by the financial services provider on Wednesday, November 1st. This represents a $0.85 annualized dividend and a dividend yield of 7.18%. The ex-dividend date of this dividend is Thursday, October 12th.

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) traded up 0.21% during mid-day trading on Tuesday, hitting $11.78. The stock had a trading volume of 203,456 shares. The firm’s 50 day moving average price is $11.72 and its 200 day moving average price is $11.76. Nuveen Floating Rate Income Opportnty Fd has a 1-year low of $10.94 and a 1-year high of $12.93.

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In other news, insider Scott C. Caraher sold 12,000 shares of the stock in a transaction dated Thursday, July 27th. The shares were sold at an average price of $11.80, for a total transaction of $141,600.00. Following the transaction, the insider now owns 12,136 shares of the company’s stock, valued at approximately $143,204.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Scott C. Caraher sold 7,611 shares of the stock in a transaction dated Thursday, July 13th. The stock was sold at an average price of $11.67, for a total transaction of $88,820.37. Following the transaction, the insider now directly owns 39,800 shares in the company, valued at approximately $464,466. The disclosure for this sale can be found here.

Nuveen Floating Rate Income Opportnty Fd Company Profile

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.

Dividend History for Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO)

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