Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Monday, June 3rd, NASDAQ reports. Investors of record on Friday, June 14th will be paid a dividend of 0.062 per share on Monday, July 1st. This represents a $0.74 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date is Thursday, June 13th.
Nuveen Floating Rate Income Fund has increased its dividend payment by an average of 3.6% annually over the last three years.
Shares of JFR traded up $0.04 during midday trading on Wednesday, reaching $9.90. The stock had a trading volume of 952 shares, compared to its average volume of 186,739. Nuveen Floating Rate Income Fund has a one year low of $8.85 and a one year high of $10.77.
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.
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