Nuveen Senior Income Fund (NYSE:NSL) announced a monthly dividend on Wednesday, September 5th, Wall Street Journal reports. Investors of record on Friday, September 14th will be paid a dividend of 0.0355 per share by the investment management company on Monday, October 1st. This represents a $0.43 dividend on an annualized basis and a yield of 6.97%. The ex-dividend date is Thursday, September 13th. This is a boost from Nuveen Senior Income Fund’s previous monthly dividend of $0.03.
Nuveen Senior Income Fund has increased its dividend payment by an average of 3.7% per year over the last three years.
NYSE NSL traded up $0.06 during trading hours on Wednesday, reaching $6.11. The stock had a trading volume of 227,000 shares, compared to its average volume of 109,512. Nuveen Senior Income Fund has a 52-week low of $6.05 and a 52-week high of $6.83.
About Nuveen Senior Income Fund
Nuveen Senior Income Fund is a diversified, closed-end management investment fund. The Fund’s investment objective is to achieve a high level of current income, consistent with capital preservation by investing primarily in adjustable rate United States dollar-denominated secured Senior Loans. The Fund focuses on investing in industries, including media, software, food and staples retailing, health care equipment and supplies, and hotels restaurants and leisure.
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