Nuveen Floating Rate Income Fund (NYSE:JFR) to Issue Monthly Dividend of $0.08

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.078 per share on Monday, June 1st. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date of this dividend is Friday, May 15th.

Nuveen Floating Rate Income Fund Trading Down 0.1%

NYSE:JFR traded down $0.01 during trading hours on Wednesday, hitting $7.56. The company’s stock had a trading volume of 141,630 shares, compared to its average volume of 866,018. The business’s 50-day moving average is $7.45 and its two-hundred day moving average is $7.71. Nuveen Floating Rate Income Fund has a 52-week low of $7.16 and a 52-week high of $8.59.

Nuveen Floating Rate Income Fund Company Profile

Nuveen Floating Rate Income Fund (NYSE: JFR) is a diversified, closed-end management investment company that seeks to provide current income by primarily investing in floating rate senior loans and other floating rate debt instruments. The fund focuses on senior secured loans issued by U.S. and non-U.S. corporations, aiming to benefit from variable interest payments that adjust with prevailing short-term rates and to help mitigate interest-rate risk. In pursuing its objective, the fund may also allocate assets to high-yield corporate debt, bank debt and other floating-rate instruments across a range of industries.

The fund employs leverage and a disciplined credit review process to enhance income generation.