Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Announces Monthly Dividend of $0.04

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) announced a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be given a dividend of 0.038 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen Municipal Income Fund Stock Down 0.7%

Shares of NYSE NMI opened at $10.38 on Wednesday. The firm’s 50-day moving average is $10.70 and its two-hundred day moving average is $10.51. Nuveen Municipal Income Fund has a 12-month low of $9.62 and a 12-month high of $11.28.

Nuveen Municipal Income Fund Company Profile

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.