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

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.0755 per share by the financial services provider on Monday, February 3rd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date of this dividend is Wednesday, January 15th.

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

Nuveen Quality Municipal Income Fund Price Performance

Shares of NYSE NAD traded up $0.04 during trading hours on Friday, reaching $11.86. 630,601 shares of the stock were exchanged, compared to its average volume of 570,451. The stock’s fifty day simple moving average is $11.94 and its 200 day simple moving average is $11.99. Nuveen Quality Municipal Income Fund has a 52 week low of $10.84 and a 52 week 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.