Nuveen Floating Rate Income Fund (JFR) To Go Ex-Dividend on April 15th

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.085 per share on Thursday, May 1st. This represents a $1.02 annualized dividend and a yield of 12.89%. The ex-dividend date of this dividend is Tuesday, April 15th.

Nuveen Floating Rate Income Fund Trading Up 2.3 %

Shares of Nuveen Floating Rate Income Fund stock opened at $7.92 on Friday. The business has a 50-day moving average price of $8.37 and a two-hundred day moving average price of $8.71. Nuveen Floating Rate Income Fund has a 1-year low of $7.12 and a 1-year high of $9.24.

Insider Buying and Selling

In related news, Portfolio Manager Scott C. Caraher purchased 5,000 shares of Nuveen Floating Rate Income Fund stock in a transaction on Wednesday, April 9th. The stock was acquired at an average cost of $7.95 per share, for a total transaction of $39,750.00. Following the completion of the acquisition, the portfolio manager now owns 45,440 shares of the company’s stock, valued at $361,248. This trade represents a 12.36 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Nuveen Floating Rate Income Fund Company Profile

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.