Avenue Income Credit Strategies Fund (NYSE:ACP) Plans Monthly Dividend of $0.12

Xavier Trudeau
Août 13, 2017

Nuveen New York Municipal Value Fund 2 has decreased its dividend payment by an average of 2.3% annually over the last three years. Accern also assigned press coverage about the company an impact score of 0 out of 100, meaning that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near term. Stockholders of record on Tuesday, August 15th will be paid a $0.06 dividend.

Shares of Avenue Income Credit Strategies Fund (ACP) traded up 0.92% on Friday, hitting $14.23. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.20%. 142,607 shares of the stock were exchanged. The company's 50 day moving average price is $11.83 and its 200-day moving average price is $11.82. The ex-dividend date is Tuesday, August 15th. Nuveen Credit Strategies Income Fund has a 12 month low of $8.12 and a 12 month high of $9.06.

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Nuveen Credit Strategies Income Fund is a diversified closed-end management investment company. The Fund's investment objective is to achieve a high level of current income, consistent with capital preservation by investing primarily in adjustable rate United States dollar-denominated secured Senior Loans. The Fund's secondary objective is the enhancement of portfolio value.

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