Nuveen Floating Rate Income Fund (NYSE:JFR) Shares Will Pay Monthly Dividend of $0.08

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Thursday, October 1st. Shareholders of record on Thursday, October 15th will be given a dividend of $0.0780 per share on Monday, November 2nd. This represents a $0.94 annualized dividend and a yield of 12.6%. The ex-dividend date of this dividend is Thursday, October 15th.

Nuveen Floating Rate Income Fund Stock Performance

NYSE:JFR opened at $7.45 on Friday. The stock’s fifty day moving average is $7.59 and its 200 day moving average is $7.57. Nuveen Floating Rate Income Fund has a fifty-two week low of $7.16 and a fifty-two week high of $8.17.

Nuveen Floating Rate Income Fund Company Profile

Nuveen Floating Rate Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol JFR. The fund seeks to provide a high level of current income by investing primarily in floating-rate senior secured loans and other floating-rate debt instruments.

Its portfolio generally focuses on loans made to companies with below-investment-grade credit ratings or companies whose credit quality is comparable to below-investment-grade issuers. These investments may offer protection against rising interest rates because their interest payments typically adjust periodically based on changes in short-term reference rates.

The fund may invest across a range of industries and in issuers located in the United States and other countries.