Nuveen Floating Rate Income Fund
JFRFinancial Services · Stock · monthly payer
Forward Yield
12.80%
Annual Dividend
$0.94
Payout Ratio
300%
5-Yr Growth
10.1%
Ex-Date
Sep 15, 2026
Frequency
Monthly
Summary
As of September 2026, Nuveen Floating Rate Income Fund (JFR) yields 12.80% ($0.94 per share annually), with a blended fair-value estimate of $11.82 — +57% upside, so it screens as undervalued. Dividend safety grade: D (45/100).
Is JFR a good dividend stock?
MixedNuveen Floating Rate Income Fund (JFR) pays a monthly dividend yielding 12.80% ($0.94/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
- Strong 10.1% 5-yr dividend growth
Risks
- Cut its dividend in 2020
- Elevated payout ratio (300%)
- Very high yield can signal elevated risk
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 12.80%
- Payout Ratio
- 300%
- Annual Dividend
- $0.94
- 5-Yr Avg Growth
- 10.1%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 0
- Frequency
- monthly
- Beta
- 0.38
- Market Cap
- $1.2B
- P/E Ratio
- 21.3
- 5-Yr Total Return
- -26%
- 52-Week Range
- $7.16 – $8.24
- Dividend Safety
- D · 45/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
JFR Price — Last 12 Months
Daily close
Price Return
1 Year
-5%
3 Years
-4%
5 Years
-26%
52-Week Range
$7.16 – $8.24
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is JFR worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Nuveen Floating Rate Income Fund is $11.82 per share, versus a market price of $7.53. That implies 57% of upside — a margin of safety of about 36%.
Fair Value
$11.82
Current Price
$7.53
Upside
+57%
Margin of Safety
36%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 2.3% annual free-cash-flow growth. We model 11.6% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 11.6% stage-1 growth, 2.5% terminal growth, $0.34 EPS, $0.94 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
JFR Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full JFR dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | — | $0.0780 | regular |
| Aug 14, 2026 | — | $0.0780 | regular |
| Jul 15, 2026 | — | $0.0780 | regular |
| Jun 15, 2026 | — | $0.0780 | regular |
| May 15, 2026 | — | $0.0780 | regular |
| Apr 15, 2026 | — | $0.0780 | regular |
| Mar 13, 2026 | — | $0.0780 | regular |
| Feb 13, 2026 | — | $0.0850 | regular |
| Jan 15, 2026 | — | $0.0850 | regular |
| Dec 15, 2025 | — | $0.0850 | regular |
| Nov 14, 2025 | — | $0.0850 | regular |
| Oct 15, 2025 | — | $0.0850 | regular |
| Sep 15, 2025 | — | $0.0850 | regular |
| Aug 15, 2025 | — | $0.0850 | regular |
Income Calculator
At $0.94 / yr per share
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