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

Nuveen Floating Rate Income Fund (NYSE:JFRGet Free Report) announced a monthly dividend on Monday, June 3rd, Zacks reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.085 per share on Monday, July 1st. This represents a $1.02 annualized dividend and a dividend yield of 11.74%. The ex-dividend date is Friday, June 14th.

Nuveen Floating Rate Income Fund Price Performance

Shares of Nuveen Floating Rate Income Fund stock traded down $0.03 during trading hours on Wednesday, hitting $8.69. The company’s stock had a trading volume of 128,929 shares, compared to its average volume of 576,298. Nuveen Floating Rate Income Fund has a 1-year low of $7.61 and a 1-year high of $8.83. The business has a fifty day moving average of $8.69 and a 200 day moving average of $8.47.

Insider Transactions at Nuveen Floating Rate Income Fund

In other news, VP Michael A. Perry purchased 6,600 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was acquired at an average cost of $8.67 per share, with a total value of $57,222.00. Following the acquisition, the vice president now owns 6,600 shares in the company, valued at $57,222. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website.

About Nuveen Floating Rate Income Fund

(Get Free Report)

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.

See Also

Dividend History for Nuveen Floating Rate Income Fund (NYSE:JFR)

Receive News & Ratings for Nuveen Floating Rate Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Floating Rate Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.