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

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders of record on Tuesday, April 15th will be given a dividend of 0.085 per share on Thursday, May 1st. This represents a $1.02 dividend on an annualized basis and a dividend yield of 12.16%. The ex-dividend date of this dividend is Tuesday, April 15th.

Nuveen Floating Rate Income Fund Trading Down 1.0 %

JFR stock traded down $0.09 during midday trading on Thursday, reaching $8.39. 766,780 shares of the stock were exchanged, compared to its average volume of 687,386. The company has a fifty day moving average price of $8.50 and a 200 day moving average price of $8.76. Nuveen Floating Rate Income Fund has a 52 week low of $8.28 and a 52 week high of $9.24.

Insider Buying and Selling

In related news, Portfolio Manager Scott C. Caraher acquired 15,000 shares of the stock in a transaction dated Friday, March 21st. The stock was bought at an average cost of $8.40 per share, for a total transaction of $126,000.00. Following the completion of the transaction, the portfolio manager now directly owns 40,440 shares of the company’s stock, valued at $339,696. The trade was a 58.96 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Nuveen Floating Rate Income Fund Company Profile

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.