Nuveen Floating Rate Income Fund (NYSE:JFR) Shareholders Set to Receive $0.08 Monthly Dividend

by · The Markets Daily

Nuveen Floating Rate Income Fund (NYSE:JFR – Get Free Report) announced a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.0780 per share on Monday, November 2nd. This represents a $0.94 dividend on an annualized basis and a dividend yield of 12.6%. The ex-dividend date of this dividend is Thursday, October 15th.

Nuveen Floating Rate Income Fund Stock Up 0.1%

Shares of JFR stock opened at $7.45 on Friday. Nuveen Floating Rate Income Fund has a one year low of $7.16 and a one year high of $8.17. The company’s 50-day simple moving average is $7.59 and its 200-day simple moving average is $7.57.

Nuveen Floating Rate Income Fund Company Profile

(Get Free Report)

Nuveen Floating Rate Income Fund is a closed-end investment company listed on the New York Stock Exchange under the symbol JFR. The fund seeks to provide a high level of current income by investing primarily in floating-rate senior secured loans and other floating-rate debt instruments.

Its portfolio generally focuses on loans made to companies with below-investment-grade credit ratings or companies whose credit quality is comparable to below-investment-grade issuers. These investments may offer protection against rising interest rates because their interest payments typically adjust periodically based on changes in short-term reference rates.

The fund may invest across a range of industries and in issuers located in the United States and other countries.

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