Nuveen Floating Rate Income Opportunity Fund (JRO) Receiving Somewhat Favorable Press Coverage, Study Finds

Press coverage about Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO) has trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Nuveen Floating Rate Income Opportunity Fund earned a news impact score of 0.09 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 47.1582404890307 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of Nuveen Floating Rate Income Opportunity Fund (NYSE JRO) opened at $11.29 on Wednesday. Nuveen Floating Rate Income Opportunity Fund has a 1 year low of $10.55 and a 1 year high of $12.93.

The firm also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 15th will be given a dividend of $0.0705 per share. This represents a $0.85 dividend on an annualized basis and a dividend yield of 7.49%. The ex-dividend date is Thursday, December 14th.

In other news, insider William J. Schneider sold 38,600 shares of the business’s stock in a transaction on Friday, December 15th. The shares were sold at an average price of $11.27, for a total transaction of $435,022.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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Nuveen Floating Rate Income Opportunity Fund Company Profile

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.

Insider Buying and Selling by Quarter for Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO)

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