Nuveen Floating Rate Income Fund Announces Monthly Dividend of $0.09 (NYSE:JFR)

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.085 per share on Tuesday, September 3rd. This represents a $1.02 annualized dividend and a yield of 11.78%. The ex-dividend date of this dividend is Thursday, August 15th.

Nuveen Floating Rate Income Fund Stock Performance

NYSE JFR traded down $0.13 on Friday, hitting $8.66. The stock had a trading volume of 706,199 shares, compared to its average volume of 555,367. Nuveen Floating Rate Income Fund has a 52-week low of $7.61 and a 52-week high of $8.89. The firm has a 50-day moving average of $8.77 and a 200-day moving average of $8.66.

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.