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

Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, July 15th will be paid a dividend of 0.054 per share by the investment management company on Thursday, August 1st. This represents a $0.65 annualized dividend and a dividend yield of 11.43%. The ex-dividend date is Monday, July 15th.

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

Nuveen Credit Strategies Income Fund Stock Performance

JQC traded up $0.02 on Tuesday, hitting $5.67. 583,040 shares of the company were exchanged, compared to its average volume of 607,967. The stock’s fifty day moving average is $5.59 and its 200-day moving average is $5.47. Nuveen Credit Strategies Income Fund has a 12 month low of $4.82 and a 12 month high of $5.72.

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.