Nuveen Quality Municipal Income Fund (NYSE:NAD – Get Free Report) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.0755 per share by the financial services provider on Monday, February 3rd. This represents a $0.91 dividend on an annualized basis and a yield of 7.64%. The ex-dividend date is Wednesday, January 15th.
Nuveen Quality Municipal Income Fund has decreased its dividend by an average of 11.3% annually over the last three years.
Nuveen Quality Municipal Income Fund Stock Performance
Shares of NAD opened at $11.86 on Friday. The company has a 50-day moving average price of $11.94 and a two-hundred day moving average price of $11.99. Nuveen Quality Municipal Income Fund has a 12 month low of $10.84 and a 12 month high of $12.47.
Nuveen Quality Municipal Income Fund Company Profile
Nuveen Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.
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