Nuveen Floating Rate Income Fund (JFR) to Issue Monthly Dividend of $0.07
Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.0675 per share on Thursday, March 1st. This represents a $0.81 annualized dividend and a yield of 7.38%. The ex-dividend date is Wednesday, February 14th.
Nuveen Floating Rate Income Fund has raised its dividend payment by an average of 3.6% annually over the last three years.
Shares of Nuveen Floating Rate Income Fund (JFR) traded up $0.02 during mid-day trading on Friday, reaching $10.97. The company had a trading volume of 17,214 shares, compared to its average volume of 190,679. Nuveen Floating Rate Income Fund has a 52-week low of $10.66 and a 52-week high of $12.19.
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About Nuveen Floating Rate Income Fund
Nuveen Floating Rate Income Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. It invests approximately 80% of managed assets in adjustable rate loans, primarily secured senior loans. The Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans.
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