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

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders 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 annualized dividend and a dividend yield of 11.95%. The ex-dividend date of this dividend is Friday, February 14th.

Nuveen Floating Rate Income Fund Stock Up 0.1 %

Shares of JFR stock opened at $8.54 on Wednesday. The stock’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 12-month low of $8.28 and a 12-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.