Nuveen Floating Rate Income Fund declares $0.085 dividend
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 03 2025
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Source: SeekingAlpha
Dividend Declaration: Nuveen Floating Rate Income Fund (JFR) has declared a monthly dividend of $0.085 per share, payable on July 1 to shareholders of record as of June 13, with an ex-dividend date also on June 13.
Investment Rating Update: The fund is being considered a tactical buy following a rating upgrade, indicating positive sentiment towards its performance post-market fluctuations.
Analyst Views on JFR
Wall Street analysts forecast JFR stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JFR is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About JFR
Nuveen Floating Rate Income Fund (the Fund) is a closed-end management investment company. The Fund seeks to achieve a high level of current income by investing in secured senior loans and unsecured senior loans. The Company invests in adjustable-rate loans, which provide a potential hedge against rising short-term rates. Under normal market circumstances, the Fund will invest at least 80% of its managed assets in adjustable-rate loans. In addition, the Fund invests at least 65% of its managed assets in senior loans that are secured by specific collateral. Its other loans include unsecured senior loans and secured and unsecured subordinated loans. The sectors covered by the portfolio include hotels, restaurants and leisure; software; media; health care providers and services, and oil, gas and consumable fuels. It also invests in the United States, Canada, the United Kingdom, Luxembourg, and the Netherlands. Nuveen Fund Advisors, LLC, is the Fund’s investment adviser.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
