Nuveen Floating Rate Income Fund (JFR) To Go Ex-Dividend on April 15th
by Amy Steele · The Cerbat GemNuveen Floating Rate Income Fund (NYSE:JFR – Get Free Report) declared a monthly dividend on Wednesday, April 1st. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.078 per share on Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 12.4%. The ex-dividend date of this dividend is Wednesday, April 15th.
Nuveen Floating Rate Income Fund Trading Up 0.5%
Shares of NYSE JFR traded up $0.04 during mid-day trading on Monday, reaching $7.57. The company had a trading volume of 276,938 shares, compared to its average volume of 926,137. Nuveen Floating Rate Income Fund has a twelve month low of $7.16 and a twelve month high of $8.59. The stock’s 50 day moving average is $7.54 and its 200-day moving average is $7.77.
Nuveen Floating Rate Income Fund Company Profile
Nuveen Floating Rate Income Fund (NYSE: JFR) is a diversified, closed-end management investment company that seeks to provide current income by primarily investing in floating rate senior loans and other floating rate debt instruments. The fund focuses on senior secured loans issued by U.S. and non-U.S. corporations, aiming to benefit from variable interest payments that adjust with prevailing short-term rates and to help mitigate interest-rate risk. In pursuing its objective, the fund may also allocate assets to high-yield corporate debt, bank debt and other floating-rate instruments across a range of industries.
The fund employs leverage and a disciplined credit review process to enhance income generation.