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

Nuveen Credit Strategies Income Fund (NYSE:JQC) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.054 per share by the investment management company on Thursday, May 1st. This represents a $0.65 annualized dividend and a yield of 12.33%. The ex-dividend date of this dividend is Tuesday, April 15th.

Nuveen Credit Strategies Income Fund Stock Performance

Shares of Nuveen Credit Strategies Income Fund stock traded down $0.07 on Thursday, hitting $5.26. 1,016,567 shares of the company traded hands, compared to its average volume of 656,477. The stock’s 50 day moving average price is $5.50 and its 200-day moving average price is $5.66. Nuveen Credit Strategies Income Fund has a 52 week low of $5.24 and a 52 week 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.