Nuveen Quality Municipal Income Fund (NYSE:NAD) Announces $0.08 Monthly Dividend

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 0.0755 per share by the financial services provider on Tuesday, December 31st. This represents a $0.91 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date is Friday, December 13th.

Nuveen Quality Municipal Income Fund has decreased its dividend by an average of 11.3% annually over the last three years.

Nuveen Quality Municipal Income Fund Price Performance

Shares of NAD remained flat at $12.33 during trading hours on Tuesday. The stock had a trading volume of 765,704 shares, compared to its average volume of 681,987. The business’s 50 day moving average is $12.13 and its two-hundred day moving average is $11.93. Nuveen Quality Municipal Income Fund has a 1-year low of $10.84 and a 1-year high of $12.47.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen Quality Municipal Income Fund 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 invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.