Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) announced a monthly dividend on Tuesday, October 3rd, Wall Street Journal reports. Investors of record on Friday, October 13th will be paid a dividend of 0.0705 per share by the financial services provider on Wednesday, November 1st. This represents a $0.85 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date is Thursday, October 12th.
Nuveen Floating Rate Income Opportnty Fd has decreased its dividend payment by an average of 4.3% annually over the last three years.
Nuveen Floating Rate Income Opportnty Fd (NYSE JRO) traded down 0.08% during mid-day trading on Wednesday, reaching $11.83. 19,702 shares of the company’s stock traded hands. Nuveen Floating Rate Income Opportnty Fd has a 12 month low of $10.98 and a 12 month high of $12.93. The firm’s 50-day moving average price is $11.73 and its 200 day moving average price is $11.76.
In related news, insider Scott C. Caraher sold 12,000 shares of the company’s stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $11.80, for a total value of $141,600.00. Following the completion of the transaction, the insider now directly owns 12,136 shares in the company, valued at $143,204.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott C. Caraher sold 7,611 shares of the company’s stock in a transaction on Thursday, July 13th. The shares were sold at an average price of $11.67, for a total value of $88,820.37. Following the completion of the transaction, the insider now owns 39,800 shares of the company’s stock, valued at $464,466. The disclosure for this sale can be found here.
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Nuveen Floating Rate Income Opportnty Fd Company Profile
Nuveen Floating Rate Income Opportunity Fund is a diversified closed-end management investment company. The Fund’s investment objective is to achieve a high level of current income. The Fund invests approximately 80% of its managed assets in adjustable rate loans, primarily secured senior loans. As part of the 80% requirement, the Fund also may invest in unsecured senior loans and secured and unsecured subordinated loans.
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