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

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.0755 per share by the financial services provider on Monday, March 3rd. This represents a $0.91 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date of this dividend is Friday, February 14th.

Nuveen Quality Municipal Income Fund has increased its dividend by an average of 2.7% annually over the last three years.

Nuveen Quality Municipal Income Fund Stock Performance

Nuveen Quality Municipal Income Fund stock opened at $11.82 on Wednesday. The business has a 50 day simple moving average of $11.81 and a 200-day simple moving average of $11.98. Nuveen Quality Municipal Income Fund has a 12 month low of $10.84 and a 12 month high of $12.47.

Nuveen Quality Municipal Income Fund Company Profile

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.