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

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.0755 per share by the financial services provider on Thursday, August 1st. This represents a $0.91 dividend on an annualized basis and a dividend yield of 7.70%. The ex-dividend date is Monday, July 15th. This is a boost from Nuveen Quality Municipal Income Fund’s previous monthly dividend of $0.08.

Nuveen Quality Municipal Income Fund has decreased its dividend payment by an average of 11.3% annually over the last three years.

Nuveen Quality Municipal Income Fund Stock Performance

NYSE:NAD opened at $11.76 on Wednesday. Nuveen Quality Municipal Income Fund has a 52-week low of $9.56 and a 52-week high of $11.93. The stock’s 50 day moving average price is $11.37 and its 200 day moving average price is $11.30.

Insider Transactions at Nuveen Quality Municipal Income Fund

In other Nuveen Quality Municipal Income Fund news, insider Young L. Robert purchased 16,977 shares of Nuveen Quality Municipal Income Fund stock in a transaction that occurred on Tuesday, July 2nd. The stock was purchased at an average price of $11.78 per share, for a total transaction of $199,989.06. Following the transaction, the insider now directly owns 32,727 shares in the company, valued at $385,524.06. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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.