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

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.085 per share on Monday, December 2nd. This represents a $1.02 annualized dividend and a yield of 11.37%. The ex-dividend date of this dividend is Friday, November 15th.

Nuveen Floating Rate Income Fund Stock Down 0.1 %

Nuveen Floating Rate Income Fund stock traded down $0.01 during mid-day trading on Wednesday, reaching $8.97. 222,127 shares of the company were exchanged, compared to its average volume of 541,717. The business has a fifty day moving average of $8.87 and a 200 day moving average of $8.79. Nuveen Floating Rate Income Fund has a 12-month low of $7.94 and a 12-month high of $9.03.

Insider Buying and Selling

In other Nuveen Floating Rate Income Fund news, insider Albin F. Moschner sold 20,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $8.77, for a total value of $175,400.00. Following the completion of the transaction, the insider now directly owns 13,400 shares in the company, valued at approximately $117,518. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Nuveen Floating Rate Income Fund Company Profile

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.