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

Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Monday, July 15th will be paid a dividend of 0.054 per share by the investment management company on Thursday, August 1st. This represents a $0.65 annualized dividend and a yield of 11.43%. The ex-dividend date of this dividend is Monday, July 15th.

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

Nuveen Credit Strategies Income Fund Price Performance

JQC traded up $0.02 during midday trading on Tuesday, reaching $5.67. The company’s stock had a trading volume of 583,040 shares, compared to its average volume of 607,967. The stock’s 50-day moving average is $5.59 and its 200-day moving average is $5.47. Nuveen Credit Strategies Income Fund has a 1 year low of $4.82 and a 1 year high of $5.72.

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.