Cash Dividend On The Way From Nuveen Floating Rate Income Opportunity Fund (JRO)

Looking at the universe of stocks we cover at Dividend Channel, on 4/11/13, Nuveen Floating Rate Income Opportunity Fund ( JRO) JRO will trade ex-dividend, for its monthly dividend of $0.08, payable on 5/1/13. As a percentage of JRO's recent stock price of $13.24, this dividend works out to approximately 0.60%, so look for shares of Nuveen Floating Rate Income Opportunity Fund to trade 0.60% lower — all else being equal — when JRO shares open for trading on 4/11/13.

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Below is a dividend history chart for JRO, showing historical dividends prior to the most recent $0.08 declared by Nuveen Floating Rate Income Opportunity Fund:

JRO+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 JRO is likely to continue, and whether the current estimated yield of 7.25% on annualized basis is a reasonable expectation of annual yield going forward.

In Tuesday trading, Nuveen Floating Rate Income Opportunity Fund shares are currently trading flat on the day.
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