Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.038 per share on Tuesday, April 1st. This represents a $0.46 dividend on an annualized basis and a yield of 4.66%. The ex-dividend date is Friday, March 14th.
Nuveen Municipal Income Fund has increased its dividend by an average of 6.6% per year over the last three years.
Nuveen Municipal Income Fund Price Performance
Shares of Nuveen Municipal Income Fund stock traded down $0.18 on Tuesday, reaching $9.78. The company had a trading volume of 20,839 shares, compared to its average volume of 23,374. The firm’s 50-day moving average price is $9.70 and its two-hundred day moving average price is $9.80. Nuveen Municipal Income Fund has a 1 year low of $9.11 and a 1 year high of $10.30.
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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