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

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.085 per share on Monday, February 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 11.27%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen Floating Rate Income Fund Price Performance

NYSE JFR traded up $0.07 on Friday, reaching $9.05. 437,337 shares of the stock were exchanged, compared to its average volume of 522,818. Nuveen Floating Rate Income Fund has a one year low of $8.15 and a one year high of $9.24. The company’s 50-day simple moving average is $8.97 and its two-hundred day simple moving average is $8.86.

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.