Nuveen Floating Rate Income Fund (JFR) to Issue Monthly Dividend of $0.07 on November 1st

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Stockholders of record on Friday, October 13th will be given a dividend of 0.0675 per share on Wednesday, November 1st. This represents a $0.81 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date is Thursday, October 12th.

Nuveen Floating Rate Income Fund has decreased its dividend by an average of 4.4% annually over the last three years.

Nuveen Floating Rate Income Fund (NYSE JFR) traded down 0.043% during trading on Wednesday, hitting $11.715. 17,668 shares of the stock were exchanged. The stock’s 50 day moving average price is $11.72 and its 200 day moving average price is $11.77. Nuveen Floating Rate Income Fund has a 12 month low of $10.82 and a 12 month high of $12.34.

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About Nuveen Floating Rate Income Fund

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.

Dividend History for Nuveen Floating Rate Income Fund (NYSE:JFR)NYSE JFR) traded down 0.043% during trading on Wednesday, hitting $11.715. 17,668 shares of the stock were exchanged. The stock’s 50 day moving average price is $11.72 and its 200 day moving average price is $11.77. Nuveen Floating Rate Income Fund has a 12 month low of $10.82 and a 12 month high of $12.34.

TRADEMARK VIOLATION WARNING: This article was first reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The correct version of this article can be viewed at https://ledgergazette.com/2017/10/11/nuveen-floating-rate-income-fund-jfr-to-issue-monthly-dividend-of-0-07-on-november-1st.html.

About Nuveen Floating Rate Income Fund

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.

Dividend History for Nuveen Floating Rate Income Fund (NYSE:JFR)

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