Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) announced a monthly dividend on Monday, August 3rd. Investors of record on Friday, August 14th will be given a dividend of 0.038 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date is Friday, August 14th.
Nuveen Municipal Income Fund Stock Performance
Shares of NMI opened at $10.68 on Tuesday. The business has a fifty day moving average of $10.87 and a 200 day moving average of $10.45. Nuveen Municipal Income Fund has a 52-week low of $9.62 and a 52-week high of $11.28.
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.
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