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

Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Monday, February 2nd. Investors of record on Friday, February 13th will be paid a dividend of 0.054 per share by the investment management company on Monday, March 2nd. This represents a c) annualized dividend and a yield of 12.6%. The ex-dividend date is Friday, February 13th.

Nuveen Credit Strategies Income Fund Trading Up 0.1%

Nuveen Credit Strategies Income Fund stock traded up $0.01 during midday trading on Tuesday, reaching $5.14. The company’s stock had a trading volume of 248,290 shares, compared to its average volume of 917,827. The stock’s 50-day simple moving average is $5.07 and its 200-day simple moving average is $5.23. Nuveen Credit Strategies Income Fund has a 52-week low of $4.60 and a 52-week high of $5.61.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in shares of Nuveen Credit Strategies Income Fund during the third quarter valued at $35,000. Halbert Hargrove Global Advisors LLC grew its stake in Nuveen Credit Strategies Income Fund by 166.7% during the 3rd quarter. Halbert Hargrove Global Advisors LLC now owns 8,000 shares of the investment management company’s stock valued at $42,000 after purchasing an additional 5,000 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Nuveen Credit Strategies Income Fund by 138.3% in the second quarter. Farther Finance Advisors LLC now owns 8,902 shares of the investment management company’s stock valued at $48,000 after purchasing an additional 5,166 shares during the period. Matauro LLC acquired a new position in shares of Nuveen Credit Strategies Income Fund in the fourth quarter valued at about $51,000. Finally, Arkadios Wealth Advisors purchased a new position in shares of Nuveen Credit Strategies Income Fund in the third quarter worth about $54,000.

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.