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

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.085 per share on Monday, February 3rd. This represents a $1.02 dividend on an annualized basis and a yield of 11.58%. The ex-dividend date is Wednesday, January 15th.

Nuveen Floating Rate Income Fund Price Performance

Shares of JFR opened at $8.81 on Monday. Nuveen Floating Rate Income Fund has a twelve month low of $8.15 and a twelve month high of $9.24. The firm has a fifty day simple moving average of $8.99 and a two-hundred day simple moving average of $8.87.

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.