Nuveen Floating Rate Income Fund (JFR) to Issue Monthly Dividend of $0.07 on December 1st
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.
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