Nuveen Floating Rate Income Fund (NYSE:JFR – Get Free Report) declared a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.078 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 12.2%. The ex-dividend date is Wednesday, July 15th.
Nuveen Floating Rate Income Fund Price Performance
NYSE:JFR opened at $7.70 on Thursday. The firm has a 50-day moving average of $7.58 and a two-hundred day moving average of $7.64. Nuveen Floating Rate Income Fund has a 1-year low of $7.16 and a 1-year high of $8.59.
Nuveen Floating Rate Income Fund Company Profile
Nuveen Floating Rate Income Fund (NYSE: JFR) is a diversified, closed-end management investment company that seeks to provide current income by primarily investing in floating rate senior loans and other floating rate debt instruments. The fund focuses on senior secured loans issued by U.S. and non-U.S. corporations, aiming to benefit from variable interest payments that adjust with prevailing short-term rates and to help mitigate interest-rate risk. In pursuing its objective, the fund may also allocate assets to high-yield corporate debt, bank debt and other floating-rate instruments across a range of industries.
The fund employs leverage and a disciplined credit review process to enhance income generation.
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