Nuveen New Jersey Quality Municipal Income Fund (NXJ) to Issue Monthly Dividend of $0.08 on August 1st

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Shareholders of record on Monday, July 15th will be paid a dividend of 0.0785 per share on Thursday, August 1st. This represents a $0.94 dividend on an annualized basis and a yield of 7.71%. The ex-dividend date of this dividend is Monday, July 15th.

Nuveen New Jersey Quality Municipal Income Fund Trading Up 0.3 %

NXJ stock opened at $12.21 on Wednesday. The firm has a 50 day moving average price of $11.94 and a 200-day moving average price of $11.96. Nuveen New Jersey Quality Municipal Income Fund has a 52-week low of $10.06 and a 52-week high of $12.24.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. purchased 7,027 shares of the stock in a transaction dated Monday, June 3rd. The stock was purchased at an average price of $11.64 per share, with a total value of $81,794.28. Following the transaction, the insider now directly owns 5,979,598 shares in the company, valued at $69,602,520.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last three months, insiders have purchased 12,621 shares of company stock valued at $147,044.

Nuveen New Jersey Quality Municipal Income Fund Company Profile

Nuveen New Jersey 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 New Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better.