Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Wednesday, January 3rd, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 6.88%. The ex-dividend date is Thursday, January 11th.
Nuveen Credit Strategies Income Fund has decreased its dividend by an average of 6.3% annually over the last three years.
Nuveen Credit Strategies Income Fund (JQC) traded down $0.06 on Wednesday, hitting $8.29. 1,718,301 shares of the stock traded hands, compared to its average volume of 1,624,900. Nuveen Credit Strategies Income Fund has a 12-month low of $8.00 and a 12-month high of $9.06.
About Nuveen Credit Strategies Income Fund
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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