Nuveen Credit Strategies Income Fund (NYSE:JQC) to Issue $0.05 Monthly Dividend

Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Monday, April 1st, Zacks reports. Shareholders of record on Monday, April 15th will be given a dividend of 0.054 per share by the investment management company on Wednesday, May 1st. This represents a $0.65 annualized dividend and a yield of 11.61%. The ex-dividend date is Friday, April 12th.

Nuveen Credit Strategies Income Fund has increased its dividend payment by an average of 29.3% annually over the last three years and has increased its dividend every year for the last 2 years.

Nuveen Credit Strategies Income Fund Stock Down 0.5 %

NYSE:JQC opened at $5.58 on Thursday. The stock’s fifty day moving average price is $5.50 and its two-hundred day moving average price is $5.24. Nuveen Credit Strategies Income Fund has a 52-week low of $4.82 and a 52-week high of $5.65.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in JQC. Cetera Advisor Networks LLC acquired a new position in shares of Nuveen Credit Strategies Income Fund in the 1st quarter valued at $123,000. Private Advisor Group LLC acquired a new position in shares of Nuveen Credit Strategies Income Fund in the 1st quarter valued at $97,000. Cetera Investment Advisers lifted its stake in shares of Nuveen Credit Strategies Income Fund by 24.7% in the 1st quarter. Cetera Investment Advisers now owns 239,827 shares of the investment management company’s stock valued at $1,482,000 after purchasing an additional 47,490 shares during the period. Penserra Capital Management LLC lifted its stake in shares of Nuveen Credit Strategies Income Fund by 106.3% in the 1st quarter. Penserra Capital Management LLC now owns 1,849,176 shares of the investment management company’s stock valued at $11,427,000 after purchasing an additional 952,667 shares during the period. Finally, Quantedge Capital Pte Ltd acquired a new position in shares of Nuveen Credit Strategies Income Fund in the 1st quarter valued at $121,000.

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.