Nuveen Floating Rate Income Fund (NYSE:JFR – Get Free Report) declared a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be given a dividend of 0.078 per share on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date is Friday, August 14th.
Nuveen Floating Rate Income Fund Price Performance
Shares of Nuveen Floating Rate Income Fund stock opened at $7.72 on Tuesday. Nuveen Floating Rate Income Fund has a 12-month low of $7.16 and a 12-month high of $8.55. The company’s 50-day moving average price is $7.66 and its 200-day moving average price is $7.61.
Institutional Trading of Nuveen Floating Rate Income Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Greykasell Wealth Strategies Inc. bought a new position in Nuveen Floating Rate Income Fund in the 4th quarter valued at $25,000. Bfsg LLC purchased a new stake in shares of Nuveen Floating Rate Income Fund in the fourth quarter worth $36,000. CWM LLC raised its position in shares of Nuveen Floating Rate Income Fund by 284.1% in the fourth quarter. CWM LLC now owns 4,690 shares of the company’s stock worth $37,000 after buying an additional 3,469 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Nuveen Floating Rate Income Fund in the first quarter worth $41,000. Finally, Asset Dedication LLC bought a new stake in Nuveen Floating Rate Income Fund during the first quarter valued at $42,000.
About Nuveen Floating Rate Income Fund
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.
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