Nuveen Floating Rate Income Fund (NYSE:JFR – Get Free Report) announced a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.078 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend is Friday, August 14th.
Nuveen Floating Rate Income Fund Stock Performance
JFR stock opened at $7.72 on Tuesday. Nuveen Floating Rate Income Fund has a 52-week low of $7.16 and a 52-week high of $8.55. The stock’s fifty day simple moving average is $7.66 and its 200-day simple moving average is $7.61.
About Nuveen Floating Rate Income Fund
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.
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