Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) declared a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Shareholders of record on Wednesday, May 15th will be given a dividend of 0.036 per share on Monday, June 3rd. This represents a $0.43 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date is Tuesday, May 14th.
Nuveen Municipal Income Fund has decreased its dividend by an average of 2.6% annually over the last three years.
Nuveen Municipal Income Fund Price Performance
NMI opened at $9.29 on Friday. The company has a 50-day moving average of $9.26 and a 200-day moving average of $9.11. Nuveen Municipal Income Fund has a 1-year low of $8.30 and a 1-year high of $10.05.
Nuveen Municipal Income Fund Company Profile
Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.
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