Nuveen Quality Municipal Income Fund (NYSE:NAD – Get Free Report) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Stockholders of record on Tuesday, October 15th will be given a dividend of 0.075 per share by the financial services provider on Friday, November 1st. This represents a $0.90 annualized dividend and a dividend yield of 7.28%. The ex-dividend date is Tuesday, October 15th.
Nuveen Quality Municipal Income Fund has decreased its dividend by an average of 11.3% annually over the last three years.
Nuveen Quality Municipal Income Fund Trading Down 0.3 %
Shares of NYSE:NAD opened at $12.37 on Thursday. The company’s 50-day moving average price is $12.08 and its 200 day moving average price is $11.63. Nuveen Quality Municipal Income Fund has a fifty-two week low of $9.56 and a fifty-two week high of $12.47.
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.
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