Nuveen Floating Rate Income Fund (NYSE:JFR) Declares Monthly Dividend of $0.08

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Monday, March 2nd. Shareholders of record on Friday, March 13th will be given a dividend of 0.078 per share on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 12.4%. The ex-dividend date is Friday, March 13th.

Nuveen Floating Rate Income Fund Price Performance

Shares of NYSE:JFR traded up $0.03 during midday trading on Wednesday, hitting $7.53. The stock had a trading volume of 235,316 shares, compared to its average volume of 853,351. The company’s 50-day moving average price is $7.82 and its 200-day moving average price is $7.96. Nuveen Floating Rate Income Fund has a fifty-two week low of $7.12 and a fifty-two week high of $8.59.

Nuveen Floating Rate Income Fund Company Profile

Nuveen Floating Rate Income Fund (NYSE: JFR) is a diversified, closed-end management investment company that seeks to provide current income by primarily investing in floating rate senior loans and other floating rate debt instruments. The fund focuses on senior secured loans issued by U.S. and non-U.S. corporations, aiming to benefit from variable interest payments that adjust with prevailing short-term rates and to help mitigate interest-rate risk. In pursuing its objective, the fund may also allocate assets to high-yield corporate debt, bank debt and other floating-rate instruments across a range of industries.

The fund employs leverage and a disciplined credit review process to enhance income generation.