Nuveen Credit Strategies Income Fund (NYSE:JQC) announced a monthly dividend on Wednesday, October 2nd, Zacks reports. Investors of record on Tuesday, October 15th will be paid a dividend of 0.104 per share by the investment management company on Friday, November 1st. This represents a $1.25 dividend on an annualized basis and a dividend yield of 16.76%. The ex-dividend date is Friday, October 11th.

Nuveen Credit Strategies Income Fund has decreased its dividend by an average of 3.5% per year over the last three years.

Shares of Nuveen Credit Strategies Income Fund stock remained flat at $$7.45 during midday trading on Thursday. 170,740 shares of the company were exchanged, compared to its average volume of 674,064. The company’s fifty day moving average is $7.49 and its two-hundred day moving average is $7.76. Nuveen Credit Strategies Income Fund has a fifty-two week low of $6.98 and a fifty-two week high of $8.10.

In other Nuveen Credit Strategies Income Fund news, CEO Stewart Butterfield sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $32.64, for a total value of $81,600.00. Following the transaction, the chief executive officer now directly owns 113,585 shares of the company’s stock, valued at $3,707,414.40. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Saba Capital Management, L.P. sold 293,337 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $7.81, for a total transaction of $2,290,961.97. The disclosure for this sale can be found here. In the last three months, insiders sold 655,557 shares of company stock valued at $5,192,767.

Nuveen Credit Strategies Income Fund Company Profile

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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Dividend History for Nuveen Credit Strategies Income Fund (NYSE:JQC)

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