Nuveen Floating Rate Income Fund (JFR) Earning Negative Media Coverage, Study Finds

News stories about Nuveen Floating Rate Income Fund (NYSE:JFR) have been trending negative this week, Accern reports. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nuveen Floating Rate Income Fund earned a media sentiment score of -0.27 on Accern’s scale. Accern also assigned media stories about the company an impact score of 48.5554072096128 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

Nuveen Floating Rate Income Fund (NYSE JFR) traded down $0.13 during mid-day trading on Wednesday, reaching $11.18. 261,500 shares of the company were exchanged, compared to its average volume of 255,554. Nuveen Floating Rate Income Fund has a twelve month low of $10.66 and a twelve month high of $12.34.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be given a dividend of $0.0675 per share. This represents a $0.81 dividend on an annualized basis and a yield of 7.25%. The ex-dividend date is Thursday, December 14th.

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About Nuveen Floating Rate Income Fund

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

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