Headlines about Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) have been trending somewhat negative this week, Accern Sentiment reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Nuveen Floating Rate Income Opportnty Fd earned a news sentiment score of -0.15 on Accern’s scale. Accern also assigned media stories about the financial services provider an impact score of 47.1728992465531 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Shares of Nuveen Floating Rate Income Opportnty Fd (NYSE:JRO) traded up 0.09% on Friday, reaching $11.76. The company’s stock had a trading volume of 80,150 shares. Nuveen Floating Rate Income Opportnty Fd has a 12-month low of $10.66 and a 12-month high of $12.93. The firm has a 50 day moving average price of $11.74 and a 200-day moving average price of $11.80.
The business also recently announced a monthly dividend, which will be paid on Monday, October 2nd. Stockholders of record on Friday, September 15th will be paid a $0.0705 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 7.19%.
In other news, insider William J. Schneider bought 8,600 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were acquired at an average price of $11.55 per share, for a total transaction of $99,330.00. Following the completion of the transaction, the insider now directly owns 47,400 shares in the company, valued at approximately $547,470. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Scott C. Caraher sold 12,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 27th. The shares were 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 owns 12,136 shares in the company, valued at approximately $143,204.80. The disclosure for this sale can be found here.
About Nuveen Floating Rate Income Opportnty Fd
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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