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

Nuveen Credit Strategies Income Fund (NYSE:JQC) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.054 per share by the investment management company on Tuesday, April 1st. This represents a $0.65 dividend on an annualized basis and a yield of 11.71%. The ex-dividend date is Friday, March 14th.

Nuveen Credit Strategies Income Fund has raised its dividend by an average of 26.6% per year over the last three years.

Nuveen Credit Strategies Income Fund Price Performance

Shares of JQC stock traded up $0.01 during trading hours on Tuesday, hitting $5.54. 925,941 shares of the company’s stock traded hands, compared to its average volume of 602,119. The stock’s 50 day simple moving average is $5.62 and its 200 day simple moving average is $5.72. Nuveen Credit Strategies Income Fund has a 12 month low of $5.30 and a 12 month high of $5.94.

About Nuveen Credit Strategies Income Fund

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.