Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Monday, December 3rd, NASDAQ reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.06 per share on Monday, December 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date is Thursday, December 13th.
Nuveen Floating Rate Income Fund has increased its dividend by an average of 3.6% per year over the last three years.
Shares of NYSE JFR traded down $0.12 during trading on Friday, reaching $9.74. The company had a trading volume of 307,738 shares, compared to its average volume of 186,334. Nuveen Floating Rate Income Fund has a 12-month low of $9.64 and a 12-month high of $11.34.
In other news, insider William J. Schneider sold 35,775 shares of the stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $9.64, for a total value of $344,871.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
COPYRIGHT VIOLATION WARNING: “Nuveen Floating Rate Income Fund Declares Monthly Dividend of $0.06 (JFR)” was originally published by American Banking News and is the property of of American Banking News. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.americanbankingnews.com/2018/12/08/nuveen-floating-rate-income-fund-declares-monthly-dividend-of-0-06-jfr.html.
About Nuveen Floating Rate Income Fund
Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc It is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. The fund invests in fixed income markets of the United States. It primarily invests in adjustable rate secured and unsecured senior loans.
Featured Article: Buyback For Investors Defined
Receive News & Ratings for Nuveen Floating Rate Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Floating Rate Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.