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

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Tuesday, October 1st, Zacks reports. Investors of record on Tuesday, October 15th will be given a dividend of 0.085 per share on Friday, November 1st. This represents a $1.02 dividend on an annualized basis and a yield of 11.33%. The ex-dividend date of this dividend is Tuesday, October 15th.

Nuveen Floating Rate Income Fund Trading Up 0.2 %

Shares of NYSE JFR opened at $9.00 on Monday. Nuveen Floating Rate Income Fund has a one year low of $7.61 and a one year high of $9.03. The firm’s 50 day simple moving average is $8.81 and its two-hundred day simple moving average is $8.76.

Insider Activity at Nuveen Floating Rate Income Fund

In other Nuveen Floating Rate Income Fund news, insider Albin F. Moschner sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $8.77, for a total value of $175,400.00. Following the completion of the sale, the insider now directly owns 13,400 shares of the company’s stock, valued at $117,518. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

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.