Nuveen Floating Rate Income Fund (NYSE:JFR) Declares Monthly Dividend of $0.09

by · The Cerbat Gem

Nuveen Floating Rate Income Fund (NYSE:JFR – Get Free Report) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be paid a dividend of 0.085 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend is Thursday, January 15th.

Nuveen Floating Rate Income Fund Price Performance

NYSE JFR opened at $7.94 on Tuesday. Nuveen Floating Rate Income Fund has a twelve month low of $7.12 and a twelve month high of $8.87. The business’s fifty day moving average is $7.86 and its 200 day moving average is $8.14.

Insider Buying and Selling at Nuveen Floating Rate Income Fund

In other Nuveen Floating Rate Income Fund news, VP David J. Lamb sold 4,000 shares of the business’s stock in a transaction on Tuesday, December 30th. The stock was sold at an average price of $7.84, for a total value of $31,360.00. Following the transaction, the vice president owned 18,338 shares of the company’s stock, valued at approximately $143,769.92. The trade was a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. CoreFirst Bank & Trust purchased a new position in shares of Nuveen Floating Rate Income Fund in the second quarter valued at about $32,000. Global Wealth Strategies & Associates purchased a new stake in shares of Nuveen Floating Rate Income Fund during the 3rd quarter valued at about $40,000. Allworth Financial LP grew its holdings in shares of Nuveen Floating Rate Income Fund by 77.5% in the second quarter. Allworth Financial LP now owns 4,919 shares of the company’s stock worth $42,000 after acquiring an additional 2,148 shares during the period. BNP Paribas Financial Markets purchased a new stake in Nuveen Floating Rate Income Fund during the third quarter valued at approximately $51,000. Finally, M.E. Allison & CO. Inc. purchased a new position in Nuveen Floating Rate Income Fund during the fourth quarter valued at $84,000.

Nuveen Floating Rate Income Fund Company Profile

(Get Free Report)

Nuveen Floating Rate Income Fund (NYSE: JFR) is a diversified, closed-end management investment company that seeks to provide current income by primarily investing in floating rate senior loans and other floating rate debt instruments. The fund focuses on senior secured loans issued by U.S. and non-U.S. corporations, aiming to benefit from variable interest payments that adjust with prevailing short-term rates and to help mitigate interest-rate risk. In pursuing its objective, the fund may also allocate assets to high-yield corporate debt, bank debt and other floating-rate instruments across a range of industries.

The fund employs leverage and a disciplined credit review process to enhance income generation.

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