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JQC

Nuveen Credit Strategies Income FundNYSE:JQC Stock Report

Last Price

US$6.56

Market Cap

US$889.6m

7D

0%

1Y

2.3%

Updated

19 Jan, 2022

Data

Company Financials
JQC fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance2/6
Financial Health2/6
Dividends2/6

JQC Stock Overview

Nuveen Credit Strategies Income Fund is a closed-ended balanced mutual fund launched by Nuveen Investments, Inc.

Price History & Performance

Summary of all time highs, changes and price drops for Nuveen Credit Strategies Income Fund
Historical stock prices
Current Share PriceUS$6.56
52 Week HighUS$6.81
52 Week LowUS$6.17
Beta0.59
1 Month Change5.47%
3 Month Change0%
1 Year Change2.34%
3 Year Change-14.36%
5 Year Change-24.86%
Change since IPO-56.47%

Recent News & Updates

Jan 08

JQC: An Interesting Idea For Higher Rates

JQC ended its capital return program early, announcing a new managed distribution plan in September. The fund has sunk to a significant discount but rebounded quite quickly - though still trading at an appealing level. A word of caution would be the fund's distribution coverage is relatively weak, though it could improve with higher rates.

Sep 08

JQC: A High-Yielding Bond Fund With A Nice Discount

Investors continue to struggle with a marked inability to generate any significant income due to the longstanding policies of the Federal Reserve. JQC invests in a leveraged portfolio of high-yielding fixed-income securities to provide income to investors. The fund is reasonably well diversified and is positioned to capitalize on a rise in interest rates when it eventually occurs. The fund is adequately covering its distribution, although the steady decline that we have seen this year is rather off-putting. The fund is trading at a 6% discount, which is reasonable.

Jun 22

JQC: Beat The Fed With This High-Yield CEF

Investors needing income have had a very rough time over the past decade due to the policies of the Federal Reserve. JQC offers a roughly 10% yield using an interesting strategy based around adjustable rate loans. These loans are somewhat riskier than traditional fixed-income assets but the fund's very high level of diversification should be able to offset this. The fund's income should increase when interest rates do start to rise, likely in 2023, which could provide a boost to the distribution. The fund is easily able to cover the distributions that it pays out and is trading at a discount.

Feb 04

Nuveen Credit Strategies Income Fund declares $0.0724 dividend

Nuveen Credit Strategies Income Fund (JQC) declares $0.0724/share monthly dividend, in line with previous.Forward yield 13.43%Payable March 1; for shareholders of record Feb. 12; ex-div Feb. 11.See JQC Dividend Scorecard, Yield Chart, & Dividend Growth.

Jan 05

Nuveen Credit Strategies Income Fund declares $0.0767 dividend

Nuveen Credit Strategies Income Fund (JQC) declares $0.0767/share monthly dividend, -5.3% decrease from prior dividend of $0.0810.Forward yield 14.48%Payable Feb. 1; for shareholders of record Jan. 15; ex-div Jan. 14.See JQC Dividend Scorecard, Yield Chart, & Dividend Growth.

Shareholder Returns

JQCUS Capital MarketsUS Market
7D0%-5.5%-4.6%
1Y2.3%24.6%7.7%

Return vs Industry: JQC underperformed the US Capital Markets industry which returned 25.7% over the past year.

Return vs Market: JQC underperformed the US Market which returned 10.2% over the past year.

Price Volatility

Is JQC's price volatile compared to industry and market?
JQC volatility
JQC Average Weekly Movement1.4%
Capital Markets Industry Average Movement0.7%
Market Average Movement6.6%
10% most volatile stocks in US Market15.7%
10% least volatile stocks in US Market2.4%

Stable Share Price: JQC is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 1% a week.

Volatility Over Time: JQC's weekly volatility (1%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
2003n/an/ahttps://www.nuveen.com/CEF/Product/Overview.aspx?FundCode=JQC&refsrc=vu_nuveen.com/jqc

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.

Nuveen Credit Strategies Income Fund Fundamentals Summary

How do Nuveen Credit Strategies Income Fund's earnings and revenue compare to its market cap?
JQC fundamental statistics
Market CapUS$889.60m
Earnings (TTM)US$120.40m
Revenue (TTM)US$64.90m

7.4x

P/E Ratio

13.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
JQC income statement (TTM)
RevenueUS$64.90m
Cost of RevenueUS$0
Gross ProfitUS$64.90m
Expenses-US$55.50m
EarningsUS$120.40m

Last Reported Earnings

Jul 31, 2021

Next Earnings Date

n/a

Earnings per share (EPS)0.89
Gross Margin100.00%
Net Profit Margin185.51%
Debt/Equity Ratio58.2%

How did JQC perform over the long term?

See historical performance and comparison

Dividends

7.0%

Current Dividend Yield

96%

Payout Ratio

Valuation

Is Nuveen Credit Strategies Income Fund undervalued compared to its fair value and its price relative to the market?

7.39x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: JQC ($6.56) is trading above our estimate of fair value ($1.2)

Significantly Below Fair Value: JQC is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: JQC is good value based on its PE Ratio (7.4x) compared to the US Capital Markets industry average (15.5x).

PE vs Market: JQC is good value based on its PE Ratio (7.4x) compared to the US market (17x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate JQC's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: JQC is good value based on its PB Ratio (0.9x) compared to the US Capital Markets industry average (42.2x).

Future Growth

How is Nuveen Credit Strategies Income Fund forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

6.3%

Forecasted Diversified Financials industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Nuveen Credit Strategies Income Fund has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

Past Performance

How has Nuveen Credit Strategies Income Fund performed over the past 5 years?

-22.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: JQC has a large one-off gain of $76.5M impacting its July 31 2021 financial results.

Growing Profit Margin: JQC became profitable in the past.


Past Earnings Growth Analysis

Earnings Trend: JQC has become profitable over the past 5 years, growing earnings by -22.7% per year.

Accelerating Growth: JQC has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: JQC has become profitable in the last year, making it difficult to compare its past year earnings growth to the Capital Markets industry (86.4%).


Return on Equity

High ROE: JQC's Return on Equity (12.8%) is considered low.

Financial Health

How is Nuveen Credit Strategies Income Fund's financial position?


Financial Position Analysis

Short Term Liabilities: JQC's short term assets ($61.4M) do not cover its short term liabilities ($642.2M).

Long Term Liabilities: JQC's short term assets ($61.4M) exceed its long term liabilities ($1.8M).


Debt to Equity History and Analysis

Debt Level: JQC's net debt to equity ratio (57.8%) is considered high.

Reducing Debt: JQC's debt to equity ratio has increased from 56.3% to 58.2% over the past 5 years.

Debt Coverage: JQC's debt is not well covered by operating cash flow (16.9%).

Interest Coverage: JQC's interest payments on its debt are well covered by EBIT (6.8x coverage).


Balance Sheet

Dividend

What is Nuveen Credit Strategies Income Fund current dividend yield, its reliability and sustainability?

7.04%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: JQC's dividend (7.04%) is higher than the bottom 25% of dividend payers in the US market (1.35%).

High Dividend: JQC's dividend (7.04%) is in the top 25% of dividend payers in the US market (3.48%)


Stability and Growth of Payments

Stable Dividend: JQC's dividend payments have been volatile in the past 10 years.

Growing Dividend: JQC's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its high payout ratio (95.9%), JQC's dividend payments are not well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.

Management

How experienced are the management team and are they aligned to shareholders interests?

16.0yrs

Average board tenure


CEO

Nuveen Credit Strategies Income Fund has no CEO, or we have no data on them.


Board Members

Experienced Board: JQC's board of directors are seasoned and experienced ( 16 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Nuveen Credit Strategies Income Fund's employee growth, exchange listings and data sources


Key Information


Location

  • Nuveen Credit Strategies Income Fund
  • 555 California Street
  • Suite 2975
  • San Francisco
  • California
  • 94104-1503
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/01/19 23:41
End of Day Share Price2022/01/19 00:00
Earnings2021/07/31
Annual Earnings2021/07/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.