Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Monday, December 4th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.0675 per share on Friday, December 29th. This represents a $0.81 annualized dividend and a dividend yield of 7.37%. The ex-dividend date is Thursday, December 14th.
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 up $0.07 on Monday, hitting $10.99. The company had a trading volume of 203,787 shares, compared to its average volume of 255,291. Nuveen Floating Rate Income Fund has a one year low of $10.66 and a one year high of $12.34.
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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