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

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Monday, February 2nd. Stockholders of record on Friday, February 13th will be paid a dividend of 0.085 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 13.0%. The ex-dividend date is Friday, February 13th.

Nuveen Floating Rate Income Fund Trading Up 0.1%

Shares of Nuveen Floating Rate Income Fund stock traded up $0.01 on Tuesday, hitting $7.85. The company had a trading volume of 210,086 shares, compared to its average volume of 942,888. Nuveen Floating Rate Income Fund has a 52 week low of $7.12 and a 52 week high of $8.65. The business has a 50-day simple moving average of $7.86 and a 200-day simple moving average of $8.08.

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.