Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) Earning Somewhat Negative Press Coverage, Report Finds

News headlines about Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) have trended somewhat negative on Sunday, Accern Sentiment Analysis reports. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Nuveen Floating Rate Income Opportnty Fd earned a media sentiment score of -0.20 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.4123311460385 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

JRO stock opened at $10.18 on Friday. Nuveen Floating Rate Income Opportnty Fd has a fifty-two week low of $10.14 and a fifty-two week high of $11.87.

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, September 4th. Investors of record on Wednesday, August 15th will be issued a $0.058 dividend. The ex-dividend date of this dividend is Tuesday, August 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 6.84%.

In related news, insider Scott C. Caraher bought 6,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 17th. The stock was purchased at an average price of $10.21 per share, for a total transaction of $61,260.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Nuveen Floating Rate Income Opportnty Fd Company Profile

Nuveen Floating Rate Income Opportunity Fund is a diversified closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. The Fund invests approximately 80% of its managed assets in adjustable rate loans, primarily secured senior loans. As part of the 80% requirement, the Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans.

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