Nuveen Floating Rate Income Fund (JFR) to Distribute Monthly Dividend of $0.08 on November 2nd

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Thursday, October 1st. Investors of record on Thursday, October 15th will be paid a dividend of $0.0780 per share on Monday, November 2nd. This represents a $0.94 dividend on an annualized basis and a yield of 12.7%. The ex-dividend date is Thursday, October 15th.

Nuveen Floating Rate Income Fund Trading Down 0.9%

JFR stock opened at $7.38 on Friday. Nuveen Floating Rate Income Fund has a 12-month low of $7.16 and a 12-month high of $8.15. The business’s 50-day moving average is $7.58 and its 200 day moving average is $7.57.

Nuveen Floating Rate Income Fund Company Profile

Nuveen Floating Rate Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol JFR. The fund seeks to provide a high level of current income by investing primarily in floating-rate senior secured loans and other floating-rate debt instruments.

Its portfolio generally focuses on loans made to companies with below-investment-grade credit ratings or companies whose credit quality is comparable to below-investment-grade issuers. These investments may offer protection against rising interest rates because their interest payments typically adjust periodically based on changes in short-term reference rates.

The fund may invest across a range of industries and in issuers located in the United States and other countries.