Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Friday, October 1st, Zacks reports. Investors of record on Friday, October 15th will be paid a dividend of 0.058 per share on Monday, November 1st. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.88%. The ex-dividend date is Thursday, October 14th.
Nuveen Floating Rate Income Fund has decreased its dividend by 22.5% over the last three years and has raised its dividend every year for the last 2 years.
JFR remained flat at $$10.12 on Tuesday. The company had a trading volume of 4,347 shares, compared to its average volume of 395,942. The stock’s 50 day moving average price is $9.98 and its two-hundred day moving average price is $9.81. Nuveen Floating Rate Income Fund has a fifty-two week low of $7.91 and a fifty-two week high of $10.17.
Nuveen Floating Rate Income Fund is a closed-end investment fund. Its investment objective is to achieve a level of current income by investing in adjustable rate secured and unsecured senior loans and other debt instruments. The company was founded on March 25, 2004 and is headquartered in Chicago, IL.
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