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

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.085 per share on Tuesday, April 1st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 11.96%. The ex-dividend date is Friday, March 14th.

Nuveen Floating Rate Income Fund Price Performance

Shares of Nuveen Floating Rate Income Fund stock traded up $0.03 on Wednesday, hitting $8.53. The company’s stock had a trading volume of 71,802 shares, compared to its average volume of 1,293,527. Nuveen Floating Rate Income Fund has a 52-week low of $8.28 and a 52-week high of $9.24. The firm has a fifty day moving average price of $8.62 and a 200-day moving average price of $8.81.

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.