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

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.085 per share on Monday, February 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 11.27%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen Floating Rate Income Fund Trading Up 0.8 %

Shares of JFR traded up $0.07 during midday trading on Friday, hitting $9.05. 437,337 shares of the stock were exchanged, compared to its average volume of 522,818. Nuveen Floating Rate Income Fund has a 52-week low of $8.15 and a 52-week high of $9.24. The stock has a fifty day simple moving average of $8.97 and a 200 day simple moving average of $8.86.

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.