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

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.085 per share on Monday, December 2nd. This represents a $1.02 annualized dividend and a yield of 11.37%. The ex-dividend date of this dividend is Friday, November 15th.

Nuveen Floating Rate Income Fund Trading Down 0.1 %

Shares of NYSE:JFR traded down $0.01 during trading on Wednesday, hitting $8.97. The stock had a trading volume of 222,127 shares, compared to its average volume of 541,717. Nuveen Floating Rate Income Fund has a 12-month low of $7.94 and a 12-month high of $9.03. The stock has a 50-day simple moving average of $8.87 and a two-hundred day simple moving average of $8.79.

Insiders Place Their Bets

In other Nuveen Floating Rate Income Fund news, insider Albin F. Moschner sold 20,000 shares of Nuveen Floating Rate Income Fund stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of $8.77, for a total transaction of $175,400.00. Following the completion of the sale, the insider now directly owns 13,400 shares in the company, valued at approximately $117,518. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

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.