Nuveen Massachusetts Quality Municipal Income Fund (NMT) to Issue Monthly Dividend of $0.07 on May 1st

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.071 per share by the financial services provider on Thursday, May 1st. This represents a $0.85 dividend on an annualized basis and a yield of 7.44%. The ex-dividend date is Tuesday, April 15th.

Nuveen Massachusetts Quality Municipal Income Fund Price Performance

NMT opened at $11.45 on Friday. The stock’s 50 day moving average price is $11.76 and its 200-day moving average price is $11.67. Nuveen Massachusetts Quality Municipal Income Fund has a 52-week low of $10.41 and a 52-week high of $12.21.

About Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts 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 Massachusetts, United States. The fund primarily invests in undervalued municipal securities and other related investments which are exempt from regular federal and Massachusetts income taxes.