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

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.085 per share on Tuesday, September 3rd. This represents a $1.02 annualized dividend and a yield of 11.78%. The ex-dividend date is Thursday, August 15th.

Nuveen Floating Rate Income Fund Stock Down 1.5 %

JFR traded down $0.13 during trading on Friday, hitting $8.66. 706,199 shares of the stock traded hands, compared to its average volume of 555,367. Nuveen Floating Rate Income Fund has a twelve month low of $7.61 and a twelve month high of $8.89. The business has a 50 day moving average price of $8.77 and a 200 day moving average price of $8.66.

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.