Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ – Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.0785 per share on Thursday, May 1st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.95%. The ex-dividend date of this dividend is Tuesday, April 15th.
Nuveen New Jersey Quality Municipal Income Fund Price Performance
NYSE:NXJ traded up $0.03 on Thursday, reaching $11.85. The stock had a trading volume of 225,125 shares, compared to its average volume of 95,531. Nuveen New Jersey Quality Municipal Income Fund has a 1-year low of $11.45 and a 1-year high of $13.13. The stock has a fifty day moving average price of $12.04 and a 200-day moving average price of $12.32.
Insider Activity
In related news, major shareholder Saba Capital Management, L.P. sold 30,844 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $12.02, for a total value of $370,744.88. Following the transaction, the insider now directly owns 5,089,493 shares in the company, valued at $61,175,705.86. This represents a 0.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold 495,518 shares of company stock valued at $6,012,102 over the last three months.
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.
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