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

Nuveen Credit Strategies Income Fund (NYSE:JQC) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Investors 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 yield of 11.53%. The ex-dividend date of this dividend is Tuesday, May 14th.

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

Nuveen Credit Strategies Income Fund Stock Up 0.7 %

NYSE JQC traded up $0.04 during trading on Friday, reaching $5.62. 527,251 shares of the stock traded hands, 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’s 50-day moving average price is $5.53 and its 200 day moving average price is $5.29.

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.