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

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

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

Nuveen Credit Strategies Income Fund Price Performance

NYSE:JQC traded up $0.04 during trading hours on Friday, hitting $5.62. 527,251 shares of the stock traded hands, compared to its average volume of 649,270. The firm has a 50 day moving average price of $5.53 and a 200 day moving average price of $5.29. Nuveen Credit Strategies Income Fund has a fifty-two week low of $4.82 and a fifty-two week high of $5.65.

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.