Nuveen New Jersey Quality Municipal Income Fund (NXJ) to Issue Monthly Dividend of $0.08 on May 1st

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be paid a dividend of 0.0785 per share on Thursday, May 1st. This represents a $0.94 dividend on an annualized basis and a yield of 8.32%. The ex-dividend date is Tuesday, April 15th.

Nuveen New Jersey Quality Municipal Income Fund Stock Up 1.1 %

Shares of NXJ stock opened at $11.32 on Friday. The stock has a fifty day moving average of $11.93 and a 200 day moving average of $12.23. Nuveen New Jersey Quality Municipal Income Fund has a 52 week low of $11.01 and a 52 week high of $13.13.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 16,318 shares of the business’s stock in a transaction that occurred on Wednesday, January 15th. The stock was sold at an average price of $11.97, for a total transaction of $195,326.46. Following the completion of the transaction, the insider now directly owns 5,041,939 shares in the company, valued at approximately $60,352,009.83. The trade was a 0.32 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold 464,674 shares of company stock worth $5,641,358 in the last 90 days.

About Nuveen New Jersey Quality Municipal Income Fund

Nuveen New Jersey 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 New Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better.