Nuveen Floating Rate Income Fund (JFR) Receiving Somewhat Favorable Press Coverage, Report Shows
Press coverage about Nuveen Floating Rate Income Fund (NYSE:JFR) has trended somewhat positive on Friday, according to Accern Sentiment. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Nuveen Floating Rate Income Fund earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.1009327329458 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of Nuveen Floating Rate Income Fund (JFR) traded down 0.02% on Friday, hitting $11.73. The stock had a trading volume of 289,371 shares. The stock has a 50 day moving average price of $11.84 and a 200-day moving average price of $11.82. Nuveen Floating Rate Income Fund has a 12-month low of $10.62 and a 12-month high of $12.34.
The business also recently disclosed a monthly dividend, which will be paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th will be paid a dividend of $0.0675 per share. This represents a $0.81 annualized dividend and a yield of 6.86%. The ex-dividend date of this dividend is Friday, August 11th.
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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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