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

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

Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Tuesday, May 2nd. Investors of record on Monday, May 15th will be given a dividend of 0.0525 per share by the investment management company on Thursday, June 1st. This represents a $0.63 annualized dividend and a yield of 7.16%. The ex-dividend date of this dividend is Thursday, May 11th.

Nuveen Credit Strategies Income Fund has decreased its dividend by an average of 6.3% annually over the last three years.

Nuveen Credit Strategies Income Fund (NYSE:JQC) traded down 0.23% during trading on Friday, reaching $8.80. The company had a trading volume of 264,706 shares. Nuveen Credit Strategies Income Fund has a 52-week low of $7.79 and a 52-week high of $9.06. The stock has a 50 day moving average price of $8.80 and a 200-day moving average price of $8.71.

In other news, insider Nuveen Fund Advisors, Llc sold 7,000 shares of the stock in a transaction that occurred on Thursday, April 6th. The shares were sold at an average price of $8.72, for a total value of $61,040.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Nuveen Credit Strategies Income Fund Company Profile

Nuveen Credit Strategies Income Fund is a diversified closed-end management investment company. The Fund’s investment objectives are high current income and total return. The Fund meets its investment objectives by investing approximately 70% of its managed assets in senior secured and second lien loans, and up to 30% of its managed assets across the capital structure of companies (including equity securities) with a primary focus on high yield bonds, convertible securities and other forms of income-producing securities.

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