Nuveen Credit Strategies Income Fund (JQC) to Distribute Monthly Dividend of $0.05 on December 1st

Nuveen Credit Strategies Income Fund (NYSE:JQC) declared a monthly dividend on Monday, November 2nd. Shareholders of record on Friday, November 13th will be given 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 12.9%. The ex-dividend date of this dividend is Friday, November 13th.

Nuveen Credit Strategies Income Fund Trading Down 1.6%

Shares of NYSE:JQC opened at $4.62 on Wednesday. Nuveen Credit Strategies Income Fund has a one year low of $4.45 and a one year high of $5.18. The stock has a fifty day moving average of $4.63 and a 200-day moving average of $4.79.

Institutional Investors Weigh In On Nuveen Credit Strategies Income Fund

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Capital Investment Advisors LLC increased its stake in Nuveen Credit Strategies Income Fund by 8.9% in the 3rd quarter. Capital Investment Advisors LLC now owns 42,043 shares of the investment management company’s stock worth $200,000 after purchasing an additional 3,430 shares in the last quarter. City of London Investment Management Co. Ltd. raised its holdings in Nuveen Credit Strategies Income Fund by 55.0% during 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 buying an additional 18,524 shares during the period. Traub Capital Management LLC raised its holdings in Nuveen Credit Strategies Income Fund by 45.6% during the 3rd quarter. Traub Capital Management LLC now owns 199,780 shares of the investment management company’s stock worth $949,000 after buying an additional 62,528 shares during the period. Chicago Partners Investment Group LLC purchased a new stake in Nuveen Credit Strategies Income Fund during the third quarter valued at about $226,000. Finally, Lido Advisors LLC lifted its stake in Nuveen Credit Strategies Income Fund by 6.3% during the third quarter. Lido Advisors LLC now owns 210,718 shares of the investment management company’s stock valued at $1,001,000 after buying an additional 12,550 shares in the last quarter.

Nuveen Credit Strategies Income Fund Company Profile

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.