Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Wednesday, July 5th, Wall Street Journal reports. Stockholders of record on Friday, July 14th will be given a dividend of 0.0675 per share on Tuesday, August 1st. This represents a $0.81 annualized dividend and a dividend yield of 6.87%. The ex-dividend date of this dividend is Wednesday, July 12th.
Nuveen Floating Rate Income Fund has decreased its dividend payment by an average of 4.4% annually over the last three years.
Nuveen Floating Rate Income Fund (JFR) traded up 0.51% on Friday, reaching $11.79. 168,539 shares of the company’s stock were exchanged. Nuveen Floating Rate Income Fund has a 12 month low of $10.21 and a 12 month high of $12.34. The firm has a 50-day moving average of $11.93 and a 200-day moving average of $11.78.
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.