Nuveen Floating Rate Income Fund (NYSE:JFR) Announces Monthly Dividend of $0.08

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Monday, March 2nd. Investors of record on Friday, March 13th will be given a dividend of 0.078 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 12.4%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen Floating Rate Income Fund Price Performance

Nuveen Floating Rate Income Fund stock traded up $0.03 during trading on Wednesday, reaching $7.53. The company had a trading volume of 139,145 shares, compared to its average volume of 852,004. The firm’s 50-day simple moving average is $7.82 and its 200 day simple moving average is $7.96. Nuveen Floating Rate Income Fund has a 1-year low of $7.12 and a 1-year high of $8.59.

About Nuveen Floating Rate Income Fund

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.