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

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Investors of record on Friday, January 12th will be given a dividend of 0.0675 per share on Thursday, February 1st. This represents a $0.81 annualized dividend and a yield of 7.17%. The ex-dividend date of this dividend is Thursday, January 11th.

Nuveen Floating Rate Income Fund has increased its dividend by an average of 3.6% annually over the last three years.

Nuveen Floating Rate Income Fund (NYSE:JFR) traded up $0.09 on Wednesday, hitting $11.29. 149,448 shares of the stock traded hands, compared to its average volume of 188,200. 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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Nuveen Floating Rate Income Fund Company Profile

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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