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

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.085 per share on Monday, December 2nd. This represents a $1.02 dividend on an annualized basis and a yield of 11.38%. The ex-dividend date of this dividend is Friday, November 15th.

Nuveen Floating Rate Income Fund Price Performance

JFR stock traded down $0.02 during midday trading on Thursday, hitting $8.96. The stock had a trading volume of 3,651 shares, compared to its average volume of 540,266. The business has a fifty day moving average price of $8.87 and a two-hundred day moving average price of $8.79. Nuveen Floating Rate Income Fund has a 1-year low of $7.94 and a 1-year high of $9.03.

Insider Activity at Nuveen Floating Rate Income Fund

In other news, insider Albin F. Moschner sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $8.77, for a total transaction of $175,400.00. Following the completion of the sale, the insider now owns 13,400 shares in the company, valued at $117,518. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

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.