Nuveen Floating Rate Income Fund (NYSE:JFR) to Issue Monthly Dividend of $0.06
Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Wednesday, October 2nd, Zacks reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.062 per share on Friday, November 1st. This represents a $0.74 dividend on an annualized basis and a dividend yield of 7.72%. The ex-dividend date of this dividend is Friday, October 11th.
Nuveen Floating Rate Income Fund has increased its dividend by an average of 3.6% per year over the last three years.
Shares of JFR traded down $0.06 during midday trading on Thursday, reaching $9.64. The stock had a trading volume of 5,278 shares, compared to its average volume of 177,052. The firm has a 50 day simple moving average of $9.63 and a 200-day simple moving average of $9.77. Nuveen Floating Rate Income Fund has a one year low of $8.85 and a one year high of $10.46.
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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