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

Nuveen Floating Rate Income Fund (NYSE:JFR) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.085 per share on Monday, December 2nd. This represents a $1.02 dividend on an annualized basis and a dividend yield of 11.35%. The ex-dividend date of this dividend is Friday, November 15th.

Nuveen Floating Rate Income Fund Price Performance

Shares of JFR stock traded up $0.01 on Wednesday, hitting $8.99. 242,063 shares of the company’s stock traded hands, compared to its average volume of 541,761. Nuveen Floating Rate Income Fund has a one year low of $7.94 and a one year high of $9.03. The company’s fifty day simple moving average is $8.87 and its 200 day simple moving average is $8.79.

Insiders Place Their Bets

In related news, insider Albin F. Moschner sold 20,000 shares of the business’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $8.77, for a total transaction of $175,400.00. Following the sale, the insider now owns 13,400 shares of the company’s stock, valued at $117,518. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, 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.