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

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.085 per share on Monday, February 3rd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 11.27%. The ex-dividend date is Wednesday, January 15th.

Nuveen Floating Rate Income Fund Stock Up 0.8 %

NYSE:JFR traded up $0.07 during mid-day trading on Friday, hitting $9.05. The stock had a trading volume of 437,337 shares, compared to its average volume of 522,818. Nuveen Floating Rate Income Fund has a twelve month low of $8.15 and a twelve month high of $9.24. The stock has a 50-day simple moving average of $8.97 and a two-hundred day simple moving average of $8.86.

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.