Nuveen Floating Rate Income Opportnty Fd (JRO) Announces Monthly Dividend of $0.07
Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be paid a dividend of 0.0705 per share by the financial services provider on Friday, December 1st. This represents a $0.85 annualized dividend and a yield of 7.39%. The ex-dividend date is Tuesday, November 14th.
Nuveen Floating Rate Income Opportnty Fd has decreased its dividend payment by an average of 4.3% annually over the last three years.
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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.
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