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

Posted by Martin Roberts on May 3rd, 2024

Nuveen Floating Rate Income Fund (NYSE:JFR – Get Free Report) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.085 per share on Monday, June 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 11.70%. The ex-dividend date is Tuesday, May 14th.

Nuveen Floating Rate Income Fund has increased its dividend payment by an average of 14.7% annually over the last three years and has raised its dividend every year for the last 3 years.

Nuveen Floating Rate Income Fund Price Performance

Shares of NYSE:JFR remained flat at $8.72 during midday trading on Friday. 498,856 shares of the stock traded hands, compared to its average volume of 575,716. The company’s 50-day moving average price is $8.65 and its 200 day moving average price is $8.33. Nuveen Floating Rate Income Fund has a 1-year low of $7.61 and a 1-year high of $8.82.

Insider Activity

In other news, VP Michael A. Perry bought 6,600 shares of the stock in a transaction dated Monday, March 11th. The shares were acquired at an average price of $8.67 per share, with a total value of $57,222.00. Following the completion of the acquisition, the vice president now directly owns 6,600 shares in the company, valued at $57,222. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Nuveen Floating Rate Income Fund Company Profile

(Get Free Report)

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.