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Nuveen Credit Strategies Income Fund (JQC)
NYSE - NYSE Delayed Price. Currency in USD
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103 reactions on $JQC conversation
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Hi anybody are divs paid monthly thanks...i like also the amount of mutaul funds owns this
Are the dividends paid by JQC classified as "Qualified" or "Ordinary"? "Qualified Dividends" are taxed at capital gains rates 0%, 15% or 20%. "Ordinary Dividends" are taxed at higher ordinary income tax rates.
Thanks for your time. I really appreciate it.
Does JQC issue 1099,CEF.? Thanks
still accumulating...no brainer for at least 2 years...GL
JQC is paying something like 15% with a NAV at 0ver an 11% discount. The fund will pay out handsomely until they get the discount down to a more realistic %. It is sort of like a closed end fund with a termination date where the fund will eventually pay out all its assets. In JQC's case, they will pay out until they believe the fund fairly reflects its value. I bought a few thousand shares and so far so good. My first month's distribution was something like 1.2% which works out to something like a 14.4% return for the year. At the worst, it seems like a great investment to me over the next few months. I will watch the NAV and plan accordingly. Good luck if you invest.
Great performing dividend payer. Market down today, this stock steady. Might be somewhat insulated from interest rates.
Does anyone understand what is driving the distribution amount and the stock price? Back in 2017-2018 the distribution was half of what it is today yet the stock was above 8 bucks. Comments??
well that rebounded quite quickly. Was holding out to buy more. Added a few on the way down, but hoped for more. Think we get another opportunity later in the week?
14.58% forward div yield? Accurate?
This fund looks pretty good to me - consistant dividends and relatively stable price
Price 5.30....NAV over 8.00....looks like a no brainer to me
When is ex-dividend day
Barrons had an interesting article recently on the Leveraged Loans market.
They believe it is a good time to be investing in the sector.
Come candidates that were listed: ECC, EIC, JQC, HFRO, XFLT.
From Seeking Alpha:
"Instead of doing share buybacks or offering redemptions, Nuveen and the fund have adopted THE MOST shareholder friendly thing the fund could have done (short of shutting down the fund and returning all assets at NAV). They have decided to return up to 20% of the common assets back to shareholders at NAV levels, over the next three years in the form of supplemental monthly distributions.
BRAVO Nuveen... BRAVO!"
Gotta love a positive close on ex day!
They are returning 20 % of nav to shareholders that will be listed as roc. Listed under other on your 1099 that you pay 0 taxes on. Basically free money.. too many people get hung up on roc. Every stock in my taxable account pays out 60 to 80% roc..
FYI- div is driven by earnings on interest received from loans. That is why for the past 17 yrs the share price has declined along with the general level of interest rates. Since rates in general are near zero, the share prices should bounce around this level as long as loan losses are not severe. Charge offs from default loans will impact NAV and share price will reflect that.
Rhonda.....looking at JQC....can't find a lot of usable info....the yield seems to be around 16% trading at a discount....might be better than ZTR?
Can we still catch divy if bought today.
Are there active readers on this board?? I'd like to know the opinion of how STABLE this company is to invest for the LT - I've researched but find hardly anything about this company or this fund - will it be solvent? will it keep paying this high dividend? Thoughts?? TY
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