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 Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.085 per share on Tuesday, April 1st. This represents a $1.02 annualized dividend and a dividend yield of 12.01%. The ex-dividend date is Friday, March 14th.

Nuveen Floating Rate Income Fund Trading Down 0.2 %

Shares of NYSE JFR traded down $0.02 during trading hours on Tuesday, hitting $8.50. 1,728,432 shares of the stock were exchanged, compared to its average volume of 1,327,413. The firm has a fifty day moving average price of $8.68 and a 200-day moving average price of $8.82. Nuveen Floating Rate Income Fund has a 12 month low of $8.28 and a 12 month high of $9.24.

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.