Nuveen Floating Rate Income Fund (JFR) To Go Ex-Dividend on November 15th

Nuveen Floating Rate Income Fund (NYSE:JFR) announced 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 is Friday, November 15th.

Nuveen Floating Rate Income Fund Stock Performance

Shares of JFR traded up $0.01 during mid-day trading on Wednesday, reaching $8.99. The company had a trading volume of 247,032 shares, compared to its average volume of 541,856. The firm has a 50-day moving average price of $8.87 and a 200 day moving average price of $8.79. Nuveen Floating Rate Income Fund has a 52 week low of $7.94 and a 52 week high of $9.03.

Insider Buying and Selling

In other news, insider Albin F. Moschner sold 20,000 shares of Nuveen Floating Rate Income Fund stock in a transaction that occurred 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 owns 13,400 shares of the company’s stock, valued at approximately $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 accessible through 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.