Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 13th will be given a dividend of 0.0615 per share on Tuesday, December 31st. This represents a $0.74 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date of this dividend is Thursday, December 12th.
Nuveen Floating Rate Income Fund stock traded up $0.08 during midday trading on Wednesday, reaching $9.62. 295,014 shares of the stock were exchanged, compared to its average volume of 194,070. The company’s fifty day moving average is $9.50 and its 200-day moving average is $9.66. Nuveen Floating Rate Income Fund has a 52 week low of $8.85 and a 52 week high of $10.14.
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.
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