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 Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.054 per share by the investment management company on Monday, December 2nd. This represents a $0.65 annualized dividend and a dividend yield of 11.19%. The ex-dividend date is Friday, November 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 Price Performance

Shares of JQC remained flat at $5.79 during midday trading on Wednesday. 453,566 shares of the company’s stock traded hands, compared to its average volume of 611,779. Nuveen Credit Strategies Income Fund has a one year low of $4.98 and a one year high of $5.91. The stock’s fifty day moving average price is $5.75 and its 200-day moving average price is $5.68.

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.