Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.038 per share on Monday, February 3rd. This represents a $0.46 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Wednesday, January 15th.
Nuveen Municipal Income Fund has decreased its dividend by an average of 2.6% per year over the last three years.
Nuveen Municipal Income Fund Stock Performance
NYSE:NMI traded up $0.04 during trading hours on Friday, reaching $9.54. The stock had a trading volume of 12,757 shares, compared to its average volume of 17,578. Nuveen Municipal Income Fund has a 52 week low of $9.11 and a 52 week high of $10.30. The company has a 50 day moving average price of $9.55 and a two-hundred day moving average price of $9.85.
About Nuveen Municipal Income Fund
Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.
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