Nuveen Credit Strategies Income Fund (JQC) Plans Monthly Dividend of $0.05
Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, November 15th will be paid a dividend of 0.0475 per share by the investment management company on Friday, December 1st. This represents a $0.57 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date of this dividend is Tuesday, November 14th. This is an increase from Nuveen Credit Strategies Income Fund’s previous monthly dividend of $0.05.
Nuveen Credit Strategies Income Fund has decreased its dividend payment by an average of 6.3% annually over the last three years.
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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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