Nuveen Floating Rate Income Fund Announces Monthly Dividend of $0.07 (JFR)

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.

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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.

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

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