Ex-Div Reminder For Nuveen Floating Rate Income Fund (JFR)

Tickers in this article: JFR
Looking at the universe of stocks we cover at Dividend Channel, on 4/11/13, Nuveen Floating Rate Income Fund JFR will trade ex-dividend, for its monthly dividend of $0.076, payable on 5/1/13. As a percentage of JFR's recent stock price of $13.28, this dividend works out to approximately 0.57%, so look for shares of Nuveen Floating Rate Income Fund to trade 0.57% lower — all else being equal — when JFR shares open for trading on 4/11/13.

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Below is a dividend history chart for JFR, showing historical dividends prior to the most recent $0.076 declared by Nuveen Floating Rate Income Fund:

JFR+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from JFR is likely to continue, and whether the current estimated yield of 6.87% on annualized basis is a reasonable expectation of annual yield going forward.

In Tuesday trading, Nuveen Floating Rate Income Fund shares are currently up about 0.6% on the day.