Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Tuesday, April 6th, Wall Street Journal reports. Stockholders of record on Thursday, April 15th will be paid a dividend of 0.0638 per share by the investment management company on Monday, May 3rd. This represents a $0.77 annualized dividend and a dividend yield of 11.62%. The ex-dividend date is Wednesday, April 14th.
Shares of Nuveen Credit Strategies Income Fund stock opened at $6.59 on Thursday. The stock’s 50-day simple moving average is $6.44 and its 200-day simple moving average is $6.26. Nuveen Credit Strategies Income Fund has a 52 week low of $5.55 and a 52 week high of $6.59.
In other Nuveen Credit Strategies Income Fund news, Portfolio Manager Scott C. Caraher acquired 10,000 shares of the stock in a transaction dated Wednesday, March 10th. The shares were acquired at an average cost of $6.51 per share, for a total transaction of $65,100.00. Following the completion of the transaction, the portfolio manager now directly owns 21,000 shares of the company’s stock, valued at $136,710. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.
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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