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

Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Monday, March 2nd. Investors of record on Friday, March 13th will be paid a dividend of 0.0495 per share by the investment management company on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 12.3%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen Credit Strategies Income Fund Stock Up 0.2%

JQC stock traded up $0.01 during midday trading on Wednesday, reaching $4.84. The company had a trading volume of 349,610 shares, compared to its average volume of 880,924. The company has a 50 day moving average of $5.05 and a two-hundred day moving average of $5.15. Nuveen Credit Strategies Income Fund has a 1 year low of $4.60 and a 1 year high of $5.59.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in shares of Nuveen Credit Strategies Income Fund during the 3rd quarter valued at about $35,000. Halbert Hargrove Global Advisors LLC raised its position in Nuveen Credit Strategies Income Fund by 166.7% during the third quarter. Halbert Hargrove Global Advisors LLC now owns 8,000 shares of the investment management company’s stock valued at $42,000 after acquiring an additional 5,000 shares in the last quarter. Matauro LLC acquired a new stake in Nuveen Credit Strategies Income Fund in the fourth quarter valued at approximately $51,000. Arkadios Wealth Advisors acquired a new stake in Nuveen Credit Strategies Income Fund in the third quarter valued at approximately $54,000. Finally, BNP Paribas Financial Markets acquired a new stake in Nuveen Credit Strategies Income Fund in the third quarter valued at approximately $59,000.

About Nuveen Credit Strategies Income Fund

Nuveen Credit Strategies Income Fund (NYSE: JQC) is a closed-end, diversified management investment company that seeks to provide current income while preserving capital. The fund pursues its objective by investing primarily in a broad range of credit instruments, including corporate debt obligations, bank loans, mortgage-related and asset-backed securities, and credit-linked notes. Through active portfolio management, JQC aims to capture income opportunities across different sectors and credit quality tiers.

JQC’s portfolio construction emphasizes flexibility, enabling the fund to shift allocations among investment-grade and below-investment-grade credit depending on market conditions.