Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Wednesday, October 2nd, Zacks reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.062 per share on Friday, November 1st. This represents a $0.74 dividend on an annualized basis and a yield of 7.82%. The ex-dividend date is Friday, October 11th.
Nuveen Floating Rate Income Fund has raised its dividend by an average of 3.6% annually over the last three years.
Shares of NYSE:JFR opened at $9.51 on Thursday. Nuveen Floating Rate Income Fund has a 52 week low of $8.85 and a 52 week high of $10.25. The firm has a 50 day moving average of $9.63 and a 200 day moving average of $9.76.
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.
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