Nuveen Floating Rate Income Fund (NYSE:JFR – Get Free Report) announced a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be paid a dividend of $0.0780 per share on Tuesday, December 1st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Friday, November 13th.
Nuveen Floating Rate Income Fund Stock Up 0.3%
Shares of JFR stock opened at $7.26 on Tuesday. The firm’s 50-day moving average is $7.41 and its two-hundred day moving average is $7.57. Nuveen Floating Rate Income Fund has a 12 month low of $7.09 and a 12 month high of $8.00.
Nuveen Floating Rate Income Fund Company Profile
Nuveen Floating Rate Income Fund (NYSE:JFR) is a closed-end management investment company designed to provide investors with current income. The fund primarily invests in floating-rate senior secured loans and other floating-rate debt instruments issued by corporate borrowers, many of which are below investment grade or unrated.
Because the fund invests in loans whose interest rates generally adjust periodically, its portfolio is structured to seek income that may be less sensitive to changes in prevailing interest rates than fixed-rate bonds.
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