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

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.078 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 12.3%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen Floating Rate Income Fund Stock Up 0.3%

Shares of JFR opened at $7.63 on Wednesday. Nuveen Floating Rate Income Fund has a one year low of $7.16 and a one year high of $8.45. The stock has a 50-day moving average of $7.68 and a two-hundred day moving average of $7.58.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Corient Private Wealth LP acquired a new stake in shares of Nuveen Floating Rate Income Fund in the second quarter valued at $92,000. Ameritas Advisory Services LLC acquired a new stake in Nuveen Floating Rate Income Fund in the second quarter valued at about $132,000. Fortitude Advisory Group L.L.C. increased its position in Nuveen Floating Rate Income Fund by 20.1% during the second quarter. Fortitude Advisory Group L.L.C. now owns 54,980 shares of the company’s stock worth $422,000 after buying an additional 9,199 shares in the last quarter. Concurrent Investment Advisors LLC boosted its holdings in Nuveen Floating Rate Income Fund by 3.8% in the second quarter. Concurrent Investment Advisors LLC now owns 41,091 shares of the company’s stock worth $315,000 after purchasing an additional 1,509 shares during the period. Finally, M Holdings Securities Inc. bought a new position in Nuveen Floating Rate Income Fund during the 2nd quarter valued at $200,000.

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.