Nuveen Floating Rate Income Fund (NYSE:JFR) Plans $0.08 Monthly Dividend

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Monday, June 1st. Shareholders of record on Monday, June 15th will be paid a dividend of 0.078 per share on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 12.3%. The ex-dividend date of this dividend is Monday, June 15th.

Nuveen Floating Rate Income Fund Trading Down 0.2%

Shares of JFR stock opened at $7.62 on Tuesday. Nuveen Floating Rate Income Fund has a 12 month low of $7.16 and a 12 month high of $8.59. The business’s 50 day moving average is $7.49 and its two-hundred day moving average is $7.67.

Nuveen Floating Rate Income Fund Company Profile

Nuveen Floating Rate Income Fund (NYSE: JFR) is a diversified, closed-end management investment company that seeks to provide current income by primarily investing in floating rate senior loans and other floating rate debt instruments. The fund focuses on senior secured loans issued by U.S. and non-U.S. corporations, aiming to benefit from variable interest payments that adjust with prevailing short-term rates and to help mitigate interest-rate risk. In pursuing its objective, the fund may also allocate assets to high-yield corporate debt, bank debt and other floating-rate instruments across a range of industries.

The fund employs leverage and a disciplined credit review process to enhance income generation.