Nuveen Floating Rate Income Fund (NYSE:JFR) to Issue $0.09 Monthly Dividend

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.085 per share on Monday, December 2nd. This represents a $1.02 annualized dividend and a dividend yield of 11.35%. The ex-dividend date of this dividend is Friday, November 15th.

Nuveen Floating Rate Income Fund Trading Up 0.1 %

Shares of Nuveen Floating Rate Income Fund stock traded up $0.01 on Wednesday, hitting $8.99. 247,032 shares of the company were exchanged, compared to its average volume of 541,856. The company has a 50-day moving average price of $8.87 and a 200 day moving average price of $8.79. Nuveen Floating Rate Income Fund has a 1-year low of $7.94 and a 1-year high of $9.03.

Insider Transactions at Nuveen Floating Rate Income Fund

In related news, insider Albin F. Moschner sold 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $8.77, for a total value of $175,400.00. Following the transaction, the insider now directly owns 13,400 shares in the company, valued at approximately $117,518. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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.