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

Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be given a dividend of 0.0705 per share by the financial services provider on Thursday, February 1st. This represents a $0.85 annualized dividend and a yield of 7.44%. The ex-dividend date of this dividend is Thursday, January 11th.

Nuveen Floating Rate Income Opportunity Fund has decreased its dividend payment by an average of 4.3% per year over the last three years.

Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO) traded down $0.11 during mid-day trading on Wednesday, reaching $11.37. 185,449 shares of the company’s stock traded hands, compared to its average volume of 154,850. Nuveen Floating Rate Income Opportunity Fund has a 12 month low of $10.55 and a 12 month high of $12.93.

In other Nuveen Floating Rate Income Opportunity Fund news, insider William J. Schneider sold 38,600 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $11.27, for a total value of $435,022.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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About Nuveen Floating Rate Income Opportunity Fund

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.

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

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