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

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.085 per share on Monday, March 3rd. This represents a $1.02 annualized dividend and a dividend yield of 11.95%. The ex-dividend date is Friday, February 14th.

Nuveen Floating Rate Income Fund Stock Performance

Shares of JFR stock traded up $0.01 during trading on Tuesday, reaching $8.54. 792,819 shares of the company’s stock traded hands, compared to its average volume of 1,215,287. The firm’s 50-day moving average is $8.87 and its 200 day moving average is $8.85. Nuveen Floating Rate Income Fund has a 1 year low of $8.28 and a 1 year high of $9.24.

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.