Nuveen Floating Rate Income Fund (JFR) to Issue Monthly Dividend of $0.09 on August 1st

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Monday, July 15th will be paid a dividend of 0.085 per share on Thursday, August 1st. This represents a $1.02 dividend on an annualized basis and a yield of 11.62%. The ex-dividend date of this dividend is Monday, July 15th.

Nuveen Floating Rate Income Fund Stock Performance

Shares of Nuveen Floating Rate Income Fund stock opened at $8.78 on Wednesday. The business has a 50 day moving average price of $8.72 and a 200 day moving average price of $8.57. Nuveen Floating Rate Income Fund has a 1 year low of $7.61 and a 1 year high of $8.87.

About Nuveen Floating Rate Income Fund

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.