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

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.085 per share on Tuesday, April 1st. This represents a $1.02 annualized dividend and a yield of 12.01%. The ex-dividend date is Friday, March 14th.

Nuveen Floating Rate Income Fund Trading Down 0.2 %

Shares of NYSE:JFR traded down $0.02 during midday trading on Tuesday, hitting $8.50. 1,728,432 shares of the stock were exchanged, compared to its average volume of 1,327,413. Nuveen Floating Rate Income Fund has a twelve month low of $8.28 and a twelve month high of $9.24. The company has a 50 day moving average price of $8.68 and a 200-day moving average price of $8.82.

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.