Nuveen Floating Rate Income Fund (JFR) to Issue Monthly Dividend of $0.09 on December 31st

Nuveen Floating Rate Income Fund (NYSE:JFR) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 0.085 per share on Tuesday, December 31st. This represents a $1.02 dividend on an annualized basis and a yield of 11.07%. The ex-dividend date is Friday, December 13th.

Nuveen Floating Rate Income Fund Price Performance

NYSE:JFR opened at $9.22 on Wednesday. Nuveen Floating Rate Income Fund has a 1-year low of $7.95 and a 1-year high of $9.24. The company has a 50-day moving average of $8.95 and a 200 day moving average of $8.84.

Insider Transactions at Nuveen Floating Rate Income Fund

In other news, insider Albin F. Moschner sold 20,000 shares of Nuveen Floating Rate Income Fund stock in a transaction 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 directly owns 13,400 shares in the company, valued at approximately $117,518. The trade was a 59.88 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

About Nuveen Floating Rate Income Fund

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.