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

Nuveen Credit Strategies Income Fund (NYSE:JQC) announced a monthly dividend on Thursday, August 1st, Zacks reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.054 per share by the investment management company on Tuesday, September 3rd. This represents a $0.65 annualized dividend and a yield of 11.51%. The ex-dividend date of this dividend is Thursday, August 15th.

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

Nuveen Credit Strategies Income Fund Trading Down 1.6 %

Shares of Nuveen Credit Strategies Income Fund stock traded down $0.09 on Friday, reaching $5.63. 797,828 shares of the company were exchanged, compared to its average volume of 606,840. Nuveen Credit Strategies Income Fund has a one year low of $4.82 and a one year high of $5.77. The company has a 50-day moving average of $5.62 and a 200 day moving average of $5.53.

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.