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

Nuveen Credit Strategies Income Fund (NYSE:JQCGet Free Report) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Monday, April 15th will be given a dividend of 0.054 per share by the investment management company on Wednesday, May 1st. This represents a $0.65 annualized dividend and a dividend yield of 11.65%. The ex-dividend date of this dividend is Friday, April 12th.

Nuveen Credit Strategies Income Fund has increased its dividend by an average of 29.3% annually over the last three years and has increased its dividend every year for the last 2 years.

Nuveen Credit Strategies Income Fund Stock Up 0.2 %

NYSE JQC opened at $5.56 on Wednesday. Nuveen Credit Strategies Income Fund has a 1 year low of $4.82 and a 1 year high of $5.65. The business’s fifty day moving average is $5.47 and its two-hundred day moving average is $5.22.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Susquehanna International Group LLP increased its holdings in shares of Nuveen Credit Strategies Income Fund by 19.1% in the fourth quarter. Susquehanna International Group LLP now owns 11,932 shares of the investment management company’s stock valued at $61,000 after buying an additional 1,911 shares in the last quarter. LPL Financial LLC raised its stake in Nuveen Credit Strategies Income Fund by 1.6% during the 2nd quarter. LPL Financial LLC now owns 128,501 shares of the investment management company’s stock valued at $668,000 after purchasing an additional 2,061 shares during the period. Hollencrest Capital Management raised its stake in Nuveen Credit Strategies Income Fund by 11.6% during the 1st quarter. Hollencrest Capital Management now owns 22,080 shares of the investment management company’s stock valued at $113,000 after purchasing an additional 2,300 shares during the period. US Bancorp DE raised its stake in Nuveen Credit Strategies Income Fund by 59.0% during the 4th quarter. US Bancorp DE now owns 7,018 shares of the investment management company’s stock valued at $37,000 after purchasing an additional 2,603 shares during the period. Finally, Mariner LLC raised its stake in Nuveen Credit Strategies Income Fund by 4.1% during the 3rd quarter. Mariner LLC now owns 72,852 shares of the investment management company’s stock valued at $369,000 after purchasing an additional 2,858 shares during the period.

About Nuveen Credit Strategies Income Fund

(Get Free Report)

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.

See Also

Dividend History for Nuveen Credit Strategies Income Fund (NYSE:JQC)

Receive News & Ratings for Nuveen Credit Strategies Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Credit Strategies Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.