Nuveen Floating Rate Income Fund Declares Monthly Dividend of $0.06 (JFR)
Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Monday, December 3rd, NASDAQ reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.06 per share on Monday, December 31st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.39%. The ex-dividend date is Thursday, December 13th.
Nuveen Floating Rate Income Fund has increased its dividend by an average of 3.6% per year over the last three years.
Shares of NYSE JFR traded down $0.12 during trading on Friday, reaching $9.74. The company had a trading volume of 307,738 shares, compared to its average volume of 186,334. Nuveen Floating Rate Income Fund has a 12-month low of $9.64 and a 12-month high of $11.34.
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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.
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