Nuveen Credit Strategies Income Fund (NYSE:JQC) is expected to pay $0.05 on Dec 1, 2016. The indicated annual dividend is $0.62. Shareholders owning the stock before Nov 10, 2016 will be eligible to receive the payout. Based on Nuveen Credit Strategies Income Fund’s current price of $8.31, the dividend is 0.63%. This dividend’s record date is Nov 15, 2016 and the announcement date is Nov 2, 2016. The stock increased 0.61% or $0.05 on November 8, hitting $8.31. Nuveen Credit Strategies Income Fund (NYSE:JQC) has risen 6.54% since April 7, 2016 and is uptrending. It has outperformed by 1.76% the S&P500.
Nuveen Credit Strategies Income Fund is a diversified closed-end management investment company. The company has a market cap of $1.14 billion. The Fund’s investment objectives are high current income and total return. It currently has negative earnings. The Fund meets its investment objectives by investing approximately 70% of its managed assets in senior secured and second lien loans, and up to 30% of its managed assets across the capital structure of companies with a primary focus on high yield bonds, convertible securities and other forms of income-producing securities.
Insitutional Activity: The institutional sentiment decreased to 0.72 in Q2 2016. Its down 0.12, from 0.84 in 2016Q1. The ratio is negative, as 17 funds sold all Nuveen Credit Strategies Income Fund shares owned while 36 reduced positions. 10 funds bought stakes while 28 increased positions. They now own 41.83 million shares or 2.74% less from 43.01 million shares in 2016Q1.
Edge Wealth Ltd Com has 0.38% invested in the company for 111,582 shares. Iowa Fincl Bank has 0% invested in the company for 985 shares. Citigroup Inc accumulated 0.01% or 1.24M shares. Fifth Third Bank, a Ohio-based fund reported 8,900 shares. Newgate Management Limited Liability Company accumulated 8.93% or 1.35 million shares. Moreover, Drw Lc has 0.02% invested in Nuveen Credit Strategies Income Fund (NYSE:JQC) for 40,500 shares. Dubuque Savings Bank And Tru Company last reported 224,834 shares in the company. Seabridge Ltd Liability last reported 1,250 shares in the company. Telemus Ltd Liability Corporation last reported 0.04% of its portfolio in the stock. Henderson Group Inc Public Limited holds 0.02% of its portfolio in Nuveen Credit Strategies Income Fund (NYSE:JQC) for 331,200 shares. Moreover, Raymond James And Assoc has 0.03% invested in Nuveen Credit Strategies Income Fund (NYSE:JQC) for 990,663 shares. Mcgowan Grp Asset Mgmt holds 0.04% of its portfolio in Nuveen Credit Strategies Income Fund (NYSE:JQC) for 29,552 shares. The Florida-based Ladenburg Thalmann Fin has invested 0.03% in Nuveen Credit Strategies Income Fund (NYSE:JQC). First Allied Advisory Ser reported 16,026 shares or 0.01% of all its holdings. The Texas-based Doliver Cap Advisors Inc has invested 0.27% in Nuveen Credit Strategies Income Fund (NYSE:JQC).
JQC Company Profile
Nuveen Multi-Strategy Income & Growth Fund 2 (the Fund), formerly Nuveen Preferred and Convertible Income Fund 2, is a diversified, closed-end management investment company. The Fund intends to invest in a portfolio of preferred securities, securities and, to a lesser degree, high yield securities. The Fund may also invest in other debt instruments and common stocks acquired upon conversion of a convertible security.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.