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

Nuveen Credit Strategies Income Fund (NYSE:JQC) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.054 per share by the investment management company on Monday, February 3rd. This represents a $0.65 dividend on an annualized basis and a dividend yield of 11.27%. The ex-dividend date is Wednesday, January 15th.

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

Nuveen Credit Strategies Income Fund Price Performance

JQC stock traded up $0.03 during mid-day trading on Friday, hitting $5.75. 435,228 shares of the company were exchanged, compared to its average volume of 551,264. The firm has a fifty day simple moving average of $5.78 and a 200 day simple moving average of $5.72. Nuveen Credit Strategies Income Fund has a twelve month low of $5.17 and a twelve month high of $5.94.

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.