Nuveen Pennsylvania Quality Municipal Income Fund (NQP) To Go Ex-Dividend on November 15th

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.078 per share by the financial services provider on Monday, December 2nd. This represents a $0.94 annualized dividend and a yield of 7.93%. The ex-dividend date of this dividend is Friday, November 15th.

Nuveen Pennsylvania Quality Municipal Income Fund has decreased its dividend payment by an average of 17.6% per year over the last three years.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

Shares of NQP traded up $0.02 during trading hours on Wednesday, hitting $11.81. The stock had a trading volume of 40,930 shares, compared to its average volume of 56,629. The firm has a 50-day moving average price of $12.34 and a 200 day moving average price of $12.20. Nuveen Pennsylvania Quality Municipal Income Fund has a fifty-two week low of $10.48 and a fifty-two week high of $12.89.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 2,789 shares of Nuveen Pennsylvania Quality Municipal Income Fund stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $11.89, for a total value of $33,161.21. Following the completion of the transaction, the insider now owns 5,151,310 shares in the company, valued at $61,249,075.90. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last quarter, insiders sold 143,260 shares of company stock worth $1,702,067. Company insiders own 1.00% of the company’s stock.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

Nuveen Pennsylvania 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 Pennsylvania. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.