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

Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 11.27%. The ex-dividend date of this dividend is Wednesday, January 15th.

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

Nuveen Credit Strategies Income Fund Trading Up 0.5 %

NYSE:JQC traded up $0.03 during midday trading on Friday, reaching $5.75. 435,228 shares of the company traded hands, compared to its average volume of 551,264. Nuveen Credit Strategies Income Fund has a twelve month low of $5.17 and a twelve month high of $5.94. The company has a fifty day moving average price of $5.78 and a 200 day moving average price of $5.72.

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.