Nuveen Floating Rate Income Fund (JFR) to Issue Monthly Dividend of $0.09 on May 1st

Nuveen Floating Rate Income Fund (NYSE:JFRGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Investors of record on Monday, April 15th will be given a dividend of 0.085 per share on Wednesday, May 1st. This represents a $1.02 annualized dividend and a yield of 11.75%. The ex-dividend date is Friday, April 12th.

Nuveen Floating Rate Income Fund has increased its dividend payment by an average of 14.7% per year over the last three years and has raised its dividend annually for the last 3 consecutive years.

Nuveen Floating Rate Income Fund Stock Down 0.5 %

JFR traded down $0.04 during midday trading on Wednesday, reaching $8.68. The company had a trading volume of 94,355 shares, compared to its average volume of 591,794. Nuveen Floating Rate Income Fund has a 12-month low of $7.61 and a 12-month high of $8.82. The business has a 50-day moving average price of $8.59 and a two-hundred day moving average price of $8.25.

Insider Buying and Selling at Nuveen Floating Rate Income Fund

In related news, VP Michael A. Perry bought 6,600 shares of the company’s stock in a transaction on Monday, March 11th. The shares were purchased at an average cost of $8.67 per share, for a total transaction of $57,222.00. Following the completion of the purchase, the vice president now directly owns 6,600 shares in the company, valued at $57,222. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Institutional Trading of Nuveen Floating Rate Income Fund

A number of hedge funds and other institutional investors have recently bought and sold shares of JFR. Morgan Stanley increased its holdings in shares of Nuveen Floating Rate Income Fund by 226.7% in the 3rd quarter. Morgan Stanley now owns 4,222,509 shares of the company’s stock worth $34,667,000 after buying an additional 2,930,200 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Nuveen Floating Rate Income Fund by 45.2% in the 3rd quarter. Royal Bank of Canada now owns 1,011,334 shares of the company’s stock worth $8,303,000 after buying an additional 314,630 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of Nuveen Floating Rate Income Fund by 123.2% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 541,306 shares of the company’s stock worth $4,271,000 after buying an additional 298,818 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Nuveen Floating Rate Income Fund by 39.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 708,654 shares of the company’s stock worth $5,825,000 after buying an additional 199,845 shares during the last quarter. Finally, Guggenheim Capital LLC increased its holdings in shares of Nuveen Floating Rate Income Fund by 24.3% in the 1st quarter. Guggenheim Capital LLC now owns 901,376 shares of the company’s stock worth $9,023,000 after buying an additional 176,434 shares during the last quarter.

Nuveen Floating Rate Income Fund Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Nuveen Floating Rate Income Fund (NYSE:JFR)

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