Nuveen Credit Strategies Income Fund (JQC) to Issue Monthly Dividend of $0.05 on June 3rd

Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.054 per share by the investment management company on Monday, June 3rd. This represents a $0.65 dividend on an annualized basis and a dividend yield of 11.53%. The ex-dividend date is Tuesday, May 14th.

Nuveen Credit Strategies Income Fund has raised 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 Performance

JQC traded up $0.04 on Friday, reaching $5.62. The company’s stock had a trading volume of 527,251 shares, compared to its average volume of 649,270. Nuveen Credit Strategies Income Fund has a fifty-two week low of $4.82 and a fifty-two week high of $5.65. The stock has a 50 day moving average of $5.53 and a two-hundred day moving average of $5.29.

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.