Nuveen Arizona Quality Municipal Income Fund to Issue Monthly Dividend of $0.07 (NYSE:NAZ)

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.0725 per share by the investment management company on Monday, February 3rd. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.54%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen Arizona Quality Municipal Income Fund has decreased its dividend by an average of 11.4% per year over the last three years.

Nuveen Arizona Quality Municipal Income Fund Price Performance

NAZ traded up $0.11 on Friday, hitting $11.54. 36,731 shares of the company were exchanged, compared to its average volume of 26,065. The firm has a fifty day simple moving average of $11.88 and a two-hundred day simple moving average of $11.69. Nuveen Arizona Quality Municipal Income Fund has a 12 month low of $10.52 and a 12 month high of $13.33.

About Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years.