News articles about Nuveen Floating Rate Income Fund (NYSE:JFR) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Nuveen Floating Rate Income Fund earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 45.2461123447224 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Nuveen Floating Rate Income Fund (JFR) traded up 0.26% during mid-day trading on Friday, reaching $11.78. 137,408 shares of the company’s stock traded hands. The company has a 50 day moving average price of $11.89 and a 200-day moving average price of $11.81. The stock’s market cap is $649.93 million. Nuveen Floating Rate Income Fund has a 12 month low of $10.51 and a 12 month high of $12.34.
The company also recently disclosed a monthly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Friday, July 14th will be issued a dividend of $0.0675 per share. This represents a $0.81 dividend on an annualized basis and a yield of 6.88%. The ex-dividend date of this dividend is Wednesday, July 12th.
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Nuveen Floating Rate Income Fund Company Profile
Nuveen Floating Rate Income Fund is a diversified, closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. It invests approximately 80% of managed assets in adjustable rate loans, primarily secured senior loans. The Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans.
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