Nuveen Floating Rate Income Fund (JFR) Announces Monthly Dividend of $0.07
Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be given a dividend of 0.0675 per share on Friday, December 1st. This represents a $0.81 annualized dividend and a yield of 6.96%. The ex-dividend date is Tuesday, November 14th.
Nuveen Floating Rate Income Fund has decreased its dividend by an average of 4.4% annually over the last three years.
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About Nuveen Floating Rate Income Fund
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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