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.
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