Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Investors of record on Wednesday, November 15th will be paid a dividend of 0.0675 per share on Friday, December 1st. This represents a $0.81 annualized dividend and a yield of 7.25%. The ex-dividend date is Tuesday, November 14th.

Nuveen Floating Rate Income Fund has decreased its dividend payment by an average of 4.4% per year over the last three years.

Shares of Nuveen Floating Rate Income Fund (NYSE:JFR) traded down $0.12 during mid-day trading on Monday, reaching $11.18. The company’s stock had a trading volume of 388,500 shares, compared to its average volume of 253,637. Nuveen Floating Rate Income Fund has a 12 month low of $10.90 and a 12 month high of $12.34.

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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.

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

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