Nuveen Floating Rate Income Opportunity Fund (JRO) to Issue Monthly Dividend of $0.07 on December 29th

Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO) declared a monthly dividend on Monday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 15th will be paid a dividend of 0.0705 per share by the financial services provider on Friday, December 29th. This represents a $0.85 annualized dividend and a dividend yield of 7.44%. The ex-dividend date is Thursday, December 14th.

Nuveen Floating Rate Income Opportunity Fund has decreased its dividend payment by an average of 4.3% per year over the last three years.

Shares of Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO) traded up $0.09 on Wednesday, hitting $11.37. 204,500 shares of the company’s stock traded hands, compared to its average volume of 162,128. Nuveen Floating Rate Income Opportunity Fund has a one year low of $10.55 and a one year high of $12.93.

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About Nuveen Floating Rate Income Opportunity Fund

Nuveen Floating Rate Income Opportunity Fund is a diversified closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. The Fund invests approximately 80% of its managed assets in adjustable rate loans, primarily secured senior loans. As part of the 80% requirement, the Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans.

Dividend History for Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO)

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