Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) declared a monthly dividend on Friday, February 1st, Zacks reports. Stockholders of record on Friday, February 15th will be given a dividend of 0.063 per share by the financial services provider on Friday, March 1st. This represents a $0.76 annualized dividend and a dividend yield of 7.76%. The ex-dividend date is Thursday, February 14th. This is a boost from Nuveen Floating Rate Income Opportnty Fd’s previous monthly dividend of $0.06.
Nuveen Floating Rate Income Opportnty Fd has increased its dividend by an average of 2.3% per year over the last three years.
Shares of JRO stock traded down $0.02 during mid-day trading on Friday, hitting $9.74. The company’s stock had a trading volume of 97,659 shares, compared to its average volume of 159,747. Nuveen Floating Rate Income Opportnty Fd has a 52 week low of $8.69 and a 52 week high of $11.30.
Nuveen Floating Rate Income Opportunity Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. It invests in fixed income markets of the United States. The fund invests in adjustable rate loans, primarily in senior loans.
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