Nuveen Quality Municipal Income Fund (NYSE:NAD – Get Free Report) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.0755 per share by the financial services provider on Monday, February 3rd. This represents a $0.91 annualized dividend and a dividend yield of 7.78%. The ex-dividend date is Wednesday, January 15th.
Nuveen Quality Municipal Income Fund has raised its dividend by an average of 2.7% annually over the last three years.
Nuveen Quality Municipal Income Fund Stock Performance
NAD opened at $11.65 on Monday. Nuveen Quality Municipal Income Fund has a twelve month low of $10.84 and a twelve month high of $12.47. The company has a 50-day moving average price of $11.92 and a 200 day moving average price of $12.00.
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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