Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Announces Dividend Increase – $0.08 Per Share

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.079 per share on Friday, November 1st. This represents a $0.95 annualized dividend and a dividend yield of 7.28%. The ex-dividend date is Tuesday, October 15th. This is a positive change from Nuveen New Jersey Quality Municipal Income Fund’s previous monthly dividend of $0.08.

Nuveen New Jersey Quality Municipal Income Fund Stock Down 0.2 %

NYSE:NXJ opened at $13.03 on Thursday. The company has a 50 day simple moving average of $12.76 and a two-hundred day simple moving average of $12.30. Nuveen New Jersey Quality Municipal Income Fund has a 12 month low of $10.06 and a 12 month high of $13.13.

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.