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.
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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.
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