Nuveen Floating Rate Income Fund Declares Monthly Dividend of $0.078 per Share
The Nuveen Floating Rate Income Fund (NYSE: JFR) has announced a monthly dividend of $0.078 per share, resulting in an annualized forward yield of approximately 12.29%. The payment is scheduled for October 1 and will be distributed to shareholders who owned the stock as of September 15; shares trade ex-dividend on that date. The fund focuses on floating rate loans, which can offer more stability during periods of rising interest rates. This consistent dividend reflects its strategy in a market where fixed-income investors are closely watching for shifts due to potential changes in monetary policy.
Tickers: $JFR
Topics: dividends fixed income