Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) declared a monthly dividend on Monday, June 4th, Wall Street Journal reports. Stockholders of record on Friday, June 15th will be paid a dividend of 0.058 per share by the financial services provider on Monday, July 2nd. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.68%. The ex-dividend date of this dividend is Thursday, June 14th.
Nuveen Floating Rate Income Opportnty Fd has increased its dividend payment by an average of 3.5% annually over the last three years.
Shares of JRO opened at $10.42 on Friday. Nuveen Floating Rate Income Opportnty Fd has a 52-week low of $10.33 and a 52-week high of $11.88.
Nuveen Floating Rate Income Opportunity Fund is a diversified closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. The Fund invests approximately 80% of its managed assets in adjustable rate loans, primarily secured senior loans. As part of the 80% requirement, the Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans.
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