Nuveen Quality Municipal Income Fund (NYSE:NAD – Get Free Report) announced a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.0705 per share by the financial services provider on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, June 15th.
Nuveen Quality Municipal Income Fund Stock Down 0.4%
Shares of NAD stock opened at $11.96 on Friday. Nuveen Quality Municipal Income Fund has a 52 week low of $11.04 and a 52 week high of $12.31. The firm has a 50 day moving average of $11.77 and a 200-day moving average of $11.93.
About Nuveen Quality Municipal Income Fund
Nuveen Quality Municipal Income Fund (NYSE:NAD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds, issued by state and local governments across the United States. By focusing on high-quality issuers, the fund aims to balance income generation with prudent risk management.
Launched in July 2022, NAD is managed by Nuveen Asset Management, a subsidiary of TIAA with decades of experience in municipal bond investing.
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