Nuveen Floating Rate Income Fund (NYSE:JFR) Declares Monthly Dividend of $0.09

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Monday, November 3rd. Shareholders of record on Friday, November 14th will be given a dividend of 0.085 per share on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 12.9%. The ex-dividend date is Friday, November 14th.

Nuveen Floating Rate Income Fund Trading Up 0.2%

JFR stock opened at $7.92 on Tuesday. Nuveen Floating Rate Income Fund has a 52 week low of $7.12 and a 52 week high of $9.24. The firm has a 50 day moving average of $8.14 and a 200 day moving average of $8.26.

Institutional Trading of Nuveen Floating Rate Income Fund

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JFR. SVB Wealth LLC acquired a new position in shares of Nuveen Floating Rate Income Fund in the first quarter valued at about $32,000. CoreFirst Bank & Trust purchased a new stake in Nuveen Floating Rate Income Fund in the second quarter valued at approximately $32,000. US Bancorp DE acquired a new position in Nuveen Floating Rate Income Fund in the 1st quarter worth approximately $39,000. WPG Advisers LLC acquired a new position in Nuveen Floating Rate Income Fund in the 1st quarter worth approximately $39,000. Finally, Global Wealth Strategies & Associates purchased a new position in Nuveen Floating Rate Income Fund during the 3rd quarter worth approximately $40,000.

About Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc It is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. The fund invests in fixed income markets of the United States. It primarily invests in adjustable rate secured and unsecured senior loans.