Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Shareholders of record on Friday, January 12th will be given a dividend of 0.0475 per share by the investment management company on Thursday, February 1st. This represents a $0.57 dividend on an annualized basis and a yield of 6.99%. The ex-dividend date of this dividend is Thursday, January 11th.
Nuveen Credit Strategies Income Fund has raised its dividend by an average of 2.2% per year over the last three years.
Nuveen Credit Strategies Income Fund (NYSE:JQC) traded down $0.06 during trading on Thursday, hitting $8.16. The stock had a trading volume of 556,600 shares, compared to its average volume of 1,090,229. Nuveen Credit Strategies Income Fund has a 12 month low of $8.00 and a 12 month high of $9.06.
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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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