Nuveen Floating Rate Income Fund (JFR) To Go Ex-Dividend on April 15th

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.085 per share on Thursday, May 1st. This represents a $1.02 annualized dividend and a dividend yield of 13.03%. The ex-dividend date of this dividend is Tuesday, April 15th.

Nuveen Floating Rate Income Fund Trading Down 6.9 %

NYSE JFR opened at $7.83 on Friday. Nuveen Floating Rate Income Fund has a 12 month low of $7.73 and a 12 month high of $9.24. The company’s 50 day simple moving average is $8.48 and its 200 day simple moving average is $8.75.

Insider Activity

In other Nuveen Floating Rate Income Fund news, Portfolio Manager Scott C. Caraher bought 15,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The stock was acquired at an average cost of $8.40 per share, with a total value of $126,000.00. Following the completion of the purchase, the portfolio manager now directly owns 40,440 shares in the company, valued at approximately $339,696. This trade represents a 58.96 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

Nuveen Floating Rate Income Fund Company Profile

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.