Nuveen Credit Strategies Income Fund (NYSE:JQC) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be paid a dividend of 0.1035 per share by the investment management company on Monday, June 3rd. This represents a $1.24 annualized dividend and a dividend yield of 16.11%. The ex-dividend date is Tuesday, May 14th.
Nuveen Credit Strategies Income Fund has decreased its dividend by an average of 3.5% annually over the last three years.
Shares of JQC stock traded down $0.02 during midday trading on Friday, hitting $7.71. 741,200 shares of the company were exchanged, compared to its average volume of 682,360. Nuveen Credit Strategies Income Fund has a 52 week low of $6.98 and a 52 week high of $8.12.
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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.
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