Nuveen Floating Rate Income Fund (NYSE:JFR – Get Free Report) announced a monthly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be given a dividend of $0.0780 per share on Tuesday, December 1st. This represents a $0.94 dividend on an annualized basis and a yield of 12.9%. The ex-dividend date of this dividend is Friday, November 13th.
Nuveen Floating Rate Income Fund Stock Up 0.3%
Shares of JFR opened at $7.26 on Tuesday. Nuveen Floating Rate Income Fund has a 1 year low of $7.09 and a 1 year high of $8.00. The business’s 50 day simple moving average is $7.41 and its 200-day simple moving average is $7.57.
About Nuveen Floating Rate Income Fund
Nuveen Floating Rate Income Fund (NYSE:JFR) is a closed-end management investment company designed to provide investors with current income. The fund primarily invests in floating-rate senior secured loans and other floating-rate debt instruments issued by corporate borrowers, many of which are below investment grade or unrated.
Because the fund invests in loans whose interest rates generally adjust periodically, its portfolio is structured to seek income that may be less sensitive to changes in prevailing interest rates than fixed-rate bonds.
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