Nuveen Quality Municipal Income Fund (NYSE:NAD) to Issue Monthly Dividend of $0.08

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.0755 per share by the financial services provider on Monday, March 3rd. This represents a $0.91 annualized dividend and a dividend yield of 7.67%. The ex-dividend date is Friday, February 14th.

Nuveen Quality Municipal Income Fund has increased its dividend by an average of 2.7% annually over the last three years.

Nuveen Quality Municipal Income Fund Price Performance

NYSE:NAD traded up $0.06 during trading hours on Tuesday, hitting $11.82. 853,869 shares of the company traded hands, compared to its average volume of 770,594. Nuveen Quality Municipal Income Fund has a twelve month low of $10.84 and a twelve month high of $12.47. The firm has a 50-day moving average of $11.82 and a 200 day moving average of $11.98.

About Nuveen Quality Municipal Income Fund

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.