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

Nuveen Quality Municipal Income Fund (NYSE:NAD) declared a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.0705 per share by the financial services provider on Monday, June 1st. This represents a c) dividend on an annualized basis and a yield of 7.1%. The ex-dividend date is Friday, May 15th.

Nuveen Quality Municipal Income Fund Price Performance

Nuveen Quality Municipal Income Fund stock traded down $0.07 on Wednesday, reaching $11.84. The company’s stock had a trading volume of 157,313 shares, compared to its average volume of 731,780. Nuveen Quality Municipal Income Fund has a twelve month low of $10.98 and a twelve month high of $12.31. The business’s fifty day moving average price is $11.80 and its 200 day moving average price is $11.96.

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.