Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Investors of record on Friday, January 12th will be paid a dividend of 0.0675 per share on Thursday, February 1st. This represents a $0.81 dividend on an annualized basis and a yield of 7.17%. The ex-dividend date of this dividend is Thursday, January 11th.

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

Shares of Nuveen Floating Rate Income Fund (JFR) traded up $0.09 during midday trading on Thursday, reaching $11.29. 149,400 shares of the company were exchanged, compared to its average volume of 188,200. Nuveen Floating Rate Income Fund has a 52-week low of $10.66 and a 52-week high of $12.34.

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About Nuveen Floating Rate Income Fund

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.

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

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