Nuveen Credit Strategies Income Fund Announces Monthly Dividend of $0.05 (NYSE:JQC)

Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.054 per share by the investment management company on Monday, February 3rd. This represents a $0.65 dividend on an annualized basis and a yield of 11.27%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen Credit Strategies Income Fund has increased its dividend payment by an average of 19.1% annually over the last three years.

Nuveen Credit Strategies Income Fund Trading Up 0.5 %

Shares of NYSE:JQC traded up $0.03 during trading hours on Friday, reaching $5.75. The stock had a trading volume of 435,228 shares, compared to its average volume of 551,264. The firm’s 50 day moving average is $5.78 and its 200-day moving average is $5.72. Nuveen Credit Strategies Income Fund has a 1 year low of $5.17 and a 1 year high of $5.94.

Nuveen Credit Strategies Income Fund Company Profile

Nuveen Credit Strategies Income Fund is a closed-ended balanced mutual fund launched by Nuveen Investments, Inc The fund is managed by Symphony Asset Management, LLC. It invests in the fixed income and public equity markets of the United States. The fund invests in senior secured and second lien loans, preferred securities, convertible securities and related instruments.