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.

In other news, insider William J. Schneider bought 35,775 shares of Nuveen Floating Rate Income Fund stock in a transaction that occurred on Monday, January 22nd. The stock was purchased at an average cost of $11.18 per share, with a total value of $399,964.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

COPYRIGHT VIOLATION NOTICE: “Nuveen Floating Rate Income Fund (JFR) to Issue Monthly Dividend of $0.07” was published by Daily Political and is the property of of Daily Political. If you are accessing this story on another website, it was illegally stolen and republished in violation of US & international copyright and trademark law. The correct version of this story can be read at https://www.dailypolitical.com/2018/02/09/nuveen-floating-rate-income-fund-jfr-to-issue-monthly-dividend-of-0-07.html.

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.

Dividend History for Nuveen Floating Rate Income Fund (NYSE:JFR)

Receive News & Ratings for Nuveen Floating Rate Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Floating Rate Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.