Nuveen Floating Rate Income Opportunity Fund (NYSE:JRO) Declares $0.06 Monthly Dividend

Nuveen Floating Rate Income Opportunity Fund (NYSE:JROGet Rating) declared a monthly dividend on Monday, May 2nd, Zacks reports. Shareholders of record on Friday, May 13th will be paid a dividend of 0.058 per share by the financial services provider on Wednesday, June 1st. This represents a $0.70 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date is Thursday, May 12th.

Nuveen Floating Rate Income Opportunity Fund has decreased its dividend payment by an average of 3.4% annually over the last three years and has raised its dividend annually for the last 1 consecutive years.

Nuveen Floating Rate Income Opportunity Fund stock opened at $8.86 on Tuesday. The company’s 50 day moving average is $9.75. Nuveen Floating Rate Income Opportunity Fund has a fifty-two week low of $8.83 and a fifty-two week high of $10.49.

In other news, Portfolio Manager Scott C. Caraher bought 5,000 shares of the firm’s stock in a transaction on Friday, February 25th. The stock was acquired at an average cost of $9.70 per share, with a total value of $48,500.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.

A number of institutional investors have recently modified their holdings of the business. LPL Financial LLC increased its position in Nuveen Floating Rate Income Opportunity Fund by 42.9% during the 4th quarter. LPL Financial LLC now owns 370,637 shares of the financial services provider’s stock valued at $3,755,000 after purchasing an additional 111,242 shares during the period. Invesco Ltd. boosted its stake in shares of Nuveen Floating Rate Income Opportunity Fund by 8.2% during the fourth quarter. Invesco Ltd. now owns 188,968 shares of the financial services provider’s stock valued at $1,914,000 after purchasing an additional 14,245 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Nuveen Floating Rate Income Opportunity Fund by 9.0% during the fourth quarter. Wells Fargo & Company MN now owns 155,522 shares of the financial services provider’s stock valued at $1,576,000 after buying an additional 12,809 shares during the period. NewEdge Advisors LLC bought a new position in Nuveen Floating Rate Income Opportunity Fund in the fourth quarter worth approximately $695,000. Finally, Millennium Management LLC purchased a new stake in Nuveen Floating Rate Income Opportunity Fund during the fourth quarter worth $176,000.

Nuveen Floating Rate Income Opportunity Fund Company Profile (Get Rating)

Nuveen Floating Rate Income Opportunity Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Symphony Asset Management LLC. It invests in fixed income markets of the United States. The fund invests in adjustable rate loans, primarily in senior loans.

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

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