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

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.0675 per share on Thursday, March 1st. This represents a $0.81 dividend on an annualized basis and a dividend yield of 7.42%. The ex-dividend date of this dividend is Wednesday, February 14th.

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

Shares of Nuveen Floating Rate Income Fund (JFR) traded down $0.05 during trading hours on Monday, reaching $10.92. 360,960 shares of the company’s stock were exchanged, compared to its average volume of 203,598. Nuveen Floating Rate Income Fund has a 12-month low of $10.66 and a 12-month high of $12.27.

In related news, insider William J. Schneider acquired 35,775 shares of the firm’s stock in a transaction on Monday, January 22nd. The shares were purchased at an average price of $11.18 per share, with a total value of $399,964.50. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

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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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