Nuveen Floating Rate Income Fund (JFR) to Issue Monthly Dividend of $0.09 on September 3rd

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Thursday, August 1st, Zacks reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.085 per share on Tuesday, September 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 11.78%. The ex-dividend date is Thursday, August 15th.

Nuveen Floating Rate Income Fund Stock Performance

Shares of NYSE JFR traded down $0.13 during mid-day trading on Friday, reaching $8.66. 706,199 shares of the company’s stock were exchanged, compared to its average volume of 555,367. Nuveen Floating Rate Income Fund has a 52-week low of $7.61 and a 52-week high of $8.89. The company’s 50-day moving average is $8.77 and its 200-day moving average is $8.66.

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.