Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Monday, February 5th, Wall Street Journal reports. Shareholders of record on Thursday, February 15th will be given a dividend of 0.0675 per share on Thursday, March 1st. This represents a $0.81 annualized dividend and a yield of 7.44%. The ex-dividend date is Wednesday, February 14th.

Nuveen Floating Rate Income Fund has increased its dividend payment by an average of 3.6% annually over the last three years.

Shares of Nuveen Floating Rate Income Fund (JFR) opened at $10.88 on Tuesday. Nuveen Floating Rate Income Fund has a 1 year low of $10.66 and a 1 year high of $12.19.

In other news, insider William J. Schneider purchased 35,775 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were purchased at an average cost of $11.18 per share, with a total value of $399,964.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

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About Nuveen Floating Rate Income Fund

Nuveen Floating Rate Income Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. It invests approximately 80% of managed assets in adjustable rate loans, primarily secured senior loans. The Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans.

Dividend History for Nuveen Floating Rate Income Fund (NYSE:JFR)

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