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

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.085 per share on Monday, March 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 11.95%. The ex-dividend date of this dividend is Friday, February 14th.

Nuveen Floating Rate Income Fund Trading Up 0.1 %

Shares of NYSE JFR traded up $0.01 during trading on Tuesday, reaching $8.54. 792,819 shares of the stock were exchanged, compared to its average volume of 1,215,287. The business’s 50-day moving average price is $8.87 and its 200 day moving average price is $8.85. Nuveen Floating Rate Income Fund has a twelve month low of $8.28 and a twelve month high of $9.24.

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.