Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) to Issue $0.06 Monthly Dividend
Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) declared a monthly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.063 per share by the financial services provider on Tuesday, September 3rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 7.88%. The ex-dividend date is Wednesday, August 14th.
Nuveen Floating Rate Income Opportnty Fd has raised its dividend payment by an average of 2.3% per year over the last three years.
Shares of JRO stock remained flat at $$9.59 during trading hours on Monday. The stock had a trading volume of 6,147 shares, compared to its average volume of 142,271. Nuveen Floating Rate Income Opportnty Fd has a one year low of $8.69 and a one year high of $10.40. The company has a fifty day moving average price of $9.69.
Nuveen Floating Rate Income Opportunity Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. It invests in fixed income markets of the United States. The fund invests in adjustable rate loans, primarily in senior loans.
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