Nuveen Floating Rate Income Fund (JFR) Given Daily Media Impact Score of -0.29
News headlines about Nuveen Floating Rate Income Fund (NYSE:JFR) have trended negative this week, according to AlphaOne Sentiment Analysis. The research group, a subsidiary of Accern, identifies positive and negative news coverage by monitoring more than twenty million news and blog sources in real time. AlphaOne ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Nuveen Floating Rate Income Fund earned a media sentiment score of -0.29 on AlphaOne’s scale. AlphaOne also assigned press coverage about the company an impact score of 0 out of 100, indicating that recent news coverage is extremely unlikely to have an impact on the company’s share price in the next several days.
Nuveen Floating Rate Income Fund (JFR) traded up 0.08% during trading on Friday, reaching $11.99. 142,270 shares of the company traded hands. Nuveen Floating Rate Income Fund has a 52 week low of $10.09 and a 52 week high of $12.34. The company’s 50-day moving average price is $11.90 and its 200 day moving average price is $11.75. The firm has a market capitalization of $661.48 million and a price-to-earnings ratio of 6.22.
The firm also recently announced a monthly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Thursday, June 15th will be given a $0.0675 dividend. This represents a $0.81 dividend on an annualized basis and a yield of 6.76%. The ex-dividend date is Tuesday, June 13th.
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In other news, VP David J. Lamb purchased 4,000 shares of the business’s stock in a transaction on Tuesday, March 21st. The stock was acquired at an average cost of $11.30 per share, for a total transaction of $45,200.00. Following the purchase, the vice president now directly owns 4,000 shares in the company, valued at approximately $45,200. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Nuveen Floating Rate Income Fund Company Profile
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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