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

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.085 per share on Tuesday, December 31st. This represents a $1.02 dividend on an annualized basis and a yield of 11.14%. The ex-dividend date of this dividend is Friday, December 13th.

Nuveen Floating Rate Income Fund Stock Up 0.2 %

Shares of Nuveen Floating Rate Income Fund stock traded up $0.02 during trading on Tuesday, reaching $9.16. The company’s stock had a trading volume of 647,361 shares, compared to its average volume of 535,669. The business has a 50 day moving average price of $8.90 and a 200-day moving average price of $8.82. Nuveen Floating Rate Income Fund has a 12-month low of $7.95 and a 12-month high of $9.17.

Insider Activity at Nuveen Floating Rate Income Fund

In other news, insider Albin F. Moschner sold 20,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $8.77, for a total transaction of $175,400.00. Following the completion of the sale, the insider now directly owns 13,400 shares of the company’s stock, valued at $117,518. The trade was a 59.88 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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.