Nuveen Floating Rate Income Fund (JFR) To Go Ex-Dividend on January 15th

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Friday, January 2nd. Investors of record on Thursday, January 15th will be paid a dividend of 0.085 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 12.8%. The ex-dividend date is Thursday, January 15th.

Nuveen Floating Rate Income Fund Stock Performance

NYSE JFR opened at $7.95 on Tuesday. Nuveen Floating Rate Income Fund has a 52 week low of $7.12 and a 52 week high of $8.87. The stock’s 50 day moving average price is $7.86 and its two-hundred day moving average price is $8.14.

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.