Nuveen Floating Rate Income Fund (JFR) to Issue Monthly Dividend of $0.06 on May 2nd

Nuveen Floating Rate Income Fund (NYSE:JFRGet Rating) declared a monthly dividend on Friday, April 1st, Zacks reports. Shareholders of record on Thursday, April 14th will be paid a dividend of 0.058 per share on Monday, May 2nd. This represents a $0.70 annualized dividend and a yield of 6.88%. The ex-dividend date is Wednesday, April 13th.

Shares of NYSE JFR opened at $10.12 on Monday. The business has a 50-day moving average of $9.96. Nuveen Floating Rate Income Fund has a 52 week low of $9.38 and a 52 week high of $10.65.

Several large investors have recently added to or reduced their stakes in JFR. Integrated Wealth Concepts LLC raised its holdings in shares of Nuveen Floating Rate Income Fund by 17.9% in the 4th quarter. Integrated Wealth Concepts LLC now owns 13,200 shares of the company’s stock valued at $134,000 after acquiring an additional 2,000 shares in the last quarter. Millennium Management LLC purchased a new stake in shares of Nuveen Floating Rate Income Fund in the 3rd quarter valued at about $192,000. NewEdge Advisors LLC purchased a new stake in shares of Nuveen Floating Rate Income Fund in the 4th quarter valued at about $835,000. Thrivent Financial for Lutherans raised its holdings in shares of Nuveen Floating Rate Income Fund by 3.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 121,263 shares of the company’s stock valued at $1,215,000 after acquiring an additional 3,750 shares in the last quarter. Finally, Advisors Asset Management Inc. raised its holdings in shares of Nuveen Floating Rate Income Fund by 20.2% in the 4th quarter. Advisors Asset Management Inc. now owns 179,212 shares of the company’s stock valued at $1,823,000 after acquiring an additional 30,080 shares in the last quarter.

Nuveen Floating Rate Income Fund Company Profile (Get Rating)

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.

See Also

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

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