Nuveen Municipal Income Fund, Inc. (NMI) to Issue Monthly Dividend of $0.04 on July 1st

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) announced a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.038 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Monday, June 15th.

Nuveen Municipal Income Fund Stock Performance

Shares of Nuveen Municipal Income Fund stock opened at $11.12 on Friday. The business has a 50-day moving average of $10.63 and a 200-day moving average of $10.23. Nuveen Municipal Income Fund has a 1-year low of $9.62 and a 1-year high of $11.28.

Institutional Trading of Nuveen Municipal Income Fund

Large investors have recently modified their holdings of the business. Kestra Advisory Services LLC grew its stake in Nuveen Municipal Income Fund by 118.6% in the first quarter. Kestra Advisory Services LLC now owns 12,024 shares of the company’s stock worth $126,000 after purchasing an additional 6,524 shares in the last quarter. World Investment Advisors acquired a new position in Nuveen Municipal Income Fund in the first quarter worth about $2,891,000. Janney Montgomery Scott LLC grew its stake in Nuveen Municipal Income Fund by 76.9% in the first quarter. Janney Montgomery Scott LLC now owns 20,783 shares of the company’s stock worth $217,000 after purchasing an additional 9,035 shares in the last quarter. Astoria Portfolio Advisors LLC. acquired a new position in Nuveen Municipal Income Fund in the fourth quarter worth about $116,000. Finally, &PARTNERS acquired a new position in Nuveen Municipal Income Fund in the fourth quarter worth about $137,000. 16.57% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen Municipal Income Fund

Nuveen Municipal Income Fund (NYSE: NMI) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The fund primarily invests in municipal obligations issued by U.S. states, territories and municipalities, as well as certain municipal securities issued outside the United States. By focusing on a diversified portfolio of investment-grade and select below-investment-grade municipal bonds, NMI aims to deliver tax-advantaged income to its shareholders.

The fund’s portfolio typically includes general obligation bonds, revenue bonds and other municipal securities across a broad range of sectors, including transportation, utilities, health care and education.