Nuveen Floating Rate Income Fund (JFR) To Go Ex-Dividend on September 15th

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.078 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.3%. The ex-dividend date is Tuesday, September 15th.

Nuveen Floating Rate Income Fund Price Performance

JFR opened at $7.61 on Thursday. The firm has a 50 day moving average price of $7.68 and a 200-day moving average price of $7.58. Nuveen Floating Rate Income Fund has a twelve month low of $7.16 and a twelve month high of $8.45.

Institutional Investors Weigh In On Nuveen Floating Rate Income Fund

Hedge funds have recently added to or reduced their stakes in the stock. Arlington Capital Management Inc. purchased a new stake in Nuveen Floating Rate Income Fund during the first quarter valued at $847,000. Ascentis Independent Advisors purchased a new position in Nuveen Floating Rate Income Fund in the first quarter worth about $305,000. RFG Advisory LLC boosted its position in Nuveen Floating Rate Income Fund by 63.2% in the first quarter. RFG Advisory LLC now owns 239,830 shares of the company’s stock worth $1,804,000 after purchasing an additional 92,896 shares during the last quarter. Virtu Financial LLC grew its stake in shares of Nuveen Floating Rate Income Fund by 322.3% during the 4th quarter. Virtu Financial LLC now owns 96,940 shares of the company’s stock valued at $759,000 after purchasing an additional 73,983 shares during the period. Finally, 1607 Capital Partners LLC bought a new stake in shares of Nuveen Floating Rate Income Fund during the 4th quarter valued at about $3,842,000.

Nuveen Floating Rate Income Fund Company Profile

Nuveen Floating Rate Income Fund (NYSE: JFR) is a diversified, closed-end management investment company that seeks to provide current income by primarily investing in floating rate senior loans and other floating rate debt instruments. The fund focuses on senior secured loans issued by U.S. and non-U.S. corporations, aiming to benefit from variable interest payments that adjust with prevailing short-term rates and to help mitigate interest-rate risk. In pursuing its objective, the fund may also allocate assets to high-yield corporate debt, bank debt and other floating-rate instruments across a range of industries.

The fund employs leverage and a disciplined credit review process to enhance income generation.