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

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.085 per share on Monday, December 2nd. This represents a $1.02 annualized dividend and a yield of 11.35%. The ex-dividend date is Friday, November 15th.

Nuveen Floating Rate Income Fund Stock Performance

Nuveen Floating Rate Income Fund stock traded up $0.01 during midday trading on Wednesday, reaching $8.99. The stock had a trading volume of 242,063 shares, compared to its average volume of 541,761. Nuveen Floating Rate Income Fund has a 52-week low of $7.94 and a 52-week high of $9.03. The company has a fifty day moving average of $8.87 and a 200 day moving average of $8.79.

Insider Activity

In related news, insider Albin F. Moschner sold 20,000 shares of the company’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $8.77, for a total transaction of $175,400.00. Following the transaction, the insider now directly owns 13,400 shares of the company’s stock, valued at $117,518. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

About Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Fund is a close ended fixed income mutual fund launched by Nuveen Investments, Inc It is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. The fund invests in fixed income markets of the United States. It primarily invests in adjustable rate secured and unsecured senior loans.