Nuveen Quality Municipal Income Fund (NYSE:NAD) Declares $0.07 Monthly Dividend

Nuveen Quality Municipal Income Fund (NYSE:NAD) declared a monthly dividend on Monday, February 2nd. Investors of record on Friday, February 13th will be given a dividend of 0.0705 per share by the financial services provider on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 7.0%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen Quality Municipal Income Fund Stock Performance

Shares of NAD traded up $0.02 during trading hours on Tuesday, hitting $12.13. 417,883 shares of the company were exchanged, compared to its average volume of 674,127. The firm’s fifty day moving average is $12.06 and its 200 day moving average is $11.76. Nuveen Quality Municipal Income Fund has a fifty-two week low of $10.40 and a fifty-two week high of $12.28.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen Quality Municipal Income Fund (NYSE:NAD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds, issued by state and local governments across the United States. By focusing on high-quality issuers, the fund aims to balance income generation with prudent risk management.

Launched in July 2022, NAD is managed by Nuveen Asset Management, a subsidiary of TIAA with decades of experience in municipal bond investing.