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

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.038 per share on Monday, February 3rd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.78%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen Municipal Income Fund has decreased its dividend by an average of 2.6% per year over the last three years.

Nuveen Municipal Income Fund Stock Up 0.4 %

NYSE:NMI traded up $0.04 during mid-day trading on Friday, hitting $9.54. The stock had a trading volume of 12,757 shares, compared to its average volume of 17,578. The stock has a 50-day simple moving average of $9.55 and a two-hundred day simple moving average of $9.85. Nuveen Municipal Income Fund has a twelve month low of $9.11 and a twelve month 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.