Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) to Issue Monthly Dividend of $0.08

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.0785 per share on Tuesday, April 1st. This represents a $0.94 annualized dividend and a dividend yield of 7.68%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen New Jersey Quality Municipal Income Fund Trading Down 0.5 %

NYSE NXJ opened at $12.26 on Wednesday. Nuveen New Jersey Quality Municipal Income Fund has a 12 month low of $11.45 and a 12 month high of $13.13. The stock has a 50-day simple moving average of $12.12 and a 200 day simple moving average of $12.45.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. sold 17,093 shares of Nuveen New Jersey Quality Municipal Income Fund stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $12.62, for a total transaction of $215,713.66. Following the transaction, the insider now owns 5,447,053 shares of the company’s stock, valued at $68,741,808.86. This trade represents a 0.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 571,249 shares of company stock valued at $6,956,683 in the last ninety days.

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.