Nuveen Floating Rate Income Fund (NYSE:JFR) Plans Monthly Dividend of $0.07

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Investors of record on Friday, January 12th will be given a dividend of 0.0675 per share on Thursday, February 1st. This represents a $0.81 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date is Thursday, January 11th.

Nuveen Floating Rate Income Fund has raised its dividend payment by an average of 3.6% annually over the last three years.

Shares of Nuveen Floating Rate Income Fund (NYSE JFR) opened at $11.04 on Friday. Nuveen Floating Rate Income Fund has a 1-year low of $10.66 and a 1-year high of $12.34.

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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.

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

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