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

Nuveen Credit Strategies Income Fund (NYSE:JQC) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given 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 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% per year over the last three years.

Nuveen Credit Strategies Income Fund Trading Up 0.5 %

Shares of NYSE JQC traded up $0.03 during mid-day trading on Friday, reaching $5.75. The company had a trading volume of 435,228 shares, compared to its average volume of 551,264. Nuveen Credit Strategies Income Fund has a 52-week low of $5.17 and a 52-week high of $5.94. The firm has a 50 day simple moving average of $5.78 and a two-hundred day simple moving average of $5.72.

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.