Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.038 per share on Monday, February 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 4.77%. The ex-dividend date is Wednesday, January 15th.
Nuveen Municipal Income Fund has raised its dividend by an average of 5.7% per year over the last three years.
Nuveen Municipal Income Fund Trading Down 0.1 %
NYSE:NMI opened at $9.55 on Monday. Nuveen Municipal Income Fund has a one year low of $9.11 and a one year high of $10.30. The business’s 50-day simple moving average is $9.54 and its 200 day simple moving average is $9.85.
About Nuveen Municipal Income Fund
Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.
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