Nuveen Credit Strategies Income Fund (NYSE:JQC) Declares Monthly Dividend of $0.05

Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Monday, November 2nd. Investors of record on Friday, November 13th will be paid a dividend of $0.0495 per share by the investment management company on Tuesday, December 1st. This represents a $0.59 annualized dividend and a dividend yield of 13.0%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen Credit Strategies Income Fund Stock Performance

Nuveen Credit Strategies Income Fund stock opened at $4.58 on Tuesday. Nuveen Credit Strategies Income Fund has a 12 month low of $4.45 and a 12 month high of $5.18. The business has a 50 day simple moving average of $4.65 and a 200-day simple moving average of $4.81.

Hedge Funds Weigh In On Nuveen Credit Strategies Income Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC boosted its position in Nuveen Credit Strategies Income Fund by 6.9% during the third quarter. Kestra Advisory Services LLC now owns 75,228 shares of the investment management company’s stock worth $357,000 after acquiring an additional 4,827 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in Nuveen Credit Strategies Income Fund in the 3rd quarter worth approximately $226,000. City of London Investment Management Co. Ltd. lifted its stake in Nuveen Credit Strategies Income Fund by 55.0% in the 3rd quarter. City of London Investment Management Co. Ltd. now owns 52,184 shares of the investment management company’s stock worth $248,000 after purchasing an additional 18,524 shares in the last quarter. Park Avenue Securities LLC boosted its holdings in shares of Nuveen Credit Strategies Income Fund by 8.1% during the 3rd quarter. Park Avenue Securities LLC now owns 35,391 shares of the investment management company’s stock worth $168,000 after purchasing an additional 2,657 shares during the last quarter. Finally, Total Wealth Planning & Management Inc. boosted its holdings in shares of Nuveen Credit Strategies Income Fund by 12.7% during the 3rd quarter. Total Wealth Planning & Management Inc. now owns 80,934 shares of the investment management company’s stock worth $384,000 after purchasing an additional 9,139 shares during the last quarter.

About Nuveen Credit Strategies Income Fund

Nuveen Credit Strategies Income Fund (NYSE:JQC) is a closed-end investment company managed by Nuveen. The fund seeks to provide a high level of current income and, as a secondary objective, capital appreciation through a professionally managed portfolio of credit-related investments.

Its portfolio may include senior secured loans, below-investment-grade corporate debt, high-yield bonds and other fixed-income securities. These investments generally involve issuers with elevated credit risk, and the fund uses credit research and portfolio diversification to pursue its objectives.

JQC invests primarily in the U.S.