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 annualized dividend and a dividend yield of 7.39%. The ex-dividend date of this dividend is Thursday, December 13th.

Nuveen Floating Rate Income Fund has raised its dividend by an average of 3.6% annually over the last three years.

Shares of Nuveen Floating Rate Income Fund stock traded down $0.12 on Friday, hitting $9.74. 307,738 shares of the company traded hands, compared to its average volume of 186,334. Nuveen Floating Rate Income Fund has a 52 week low of $9.64 and a 52 week high of $11.34.

In other news, insider William J. Schneider sold 35,775 shares of Nuveen Floating Rate Income Fund stock in a transaction that occurred on Tuesday, November 27th. The shares were sold at an average price of $9.64, for a total transaction of $344,871.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

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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.

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Dividend History for Nuveen Floating Rate Income Fund (NYSE:JFR)

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