Nuveen Credit Strategies Income Fund (NYSE:JQC) Shares Set to Pay Monthly Dividend of $0.05

Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be given a dividend of $0.0495 per share by the investment management company on Monday, November 2nd. This represents a $0.59 annualized dividend and a dividend yield of 12.5%. The ex-dividend date of this dividend is Thursday, October 15th.

Nuveen Credit Strategies Income Fund Stock Performance

JQC stock opened at $4.75 on Friday. Nuveen Credit Strategies Income Fund has a 1 year low of $4.57 and a 1 year high of $5.33. The stock’s fifty day moving average price is $4.75 and its 200-day moving average price is $4.79.

About Nuveen Credit Strategies Income Fund

Nuveen Credit Strategies Income Fund (NYSE: JQC) is a diversified, closed-end management investment company. The fund seeks to provide a high level of current income, with capital appreciation as a secondary objective, by investing in a portfolio of credit-related securities.

Its investments may include senior secured floating-rate loans, below-investment-grade corporate debt, high-yield bonds and other income-producing credit instruments. These securities are generally issued by companies across a range of industries and may include investments in structured credit markets, such as collateralized loan obligations.

JQC is managed by Nuveen Asset Management, LLC, an investment-management affiliate of Nuveen.