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

Nuveen Credit Strategies Income Fund (NYSE:JQC) announced a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.054 per share by the investment management company on Tuesday, September 3rd. This represents a $0.65 dividend on an annualized basis and a yield of 11.51%. The ex-dividend date is Thursday, August 15th.

Nuveen Credit Strategies Income Fund has increased its dividend payment by an average of 19.1% per year over the last three years.

Nuveen Credit Strategies Income Fund Price Performance

NYSE JQC traded down $0.09 during trading on Friday, reaching $5.63. The company’s stock had a trading volume of 797,828 shares, compared to its average volume of 606,840. The business has a 50-day moving average price of $5.62 and a 200-day moving average price of $5.53. Nuveen Credit Strategies Income Fund has a 1-year low of $4.82 and a 1-year high of $5.77.

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.