Nuveen AMT-Free Quality Municipal Income Fund Announces Monthly Dividend of $0.05 (NYSE:NEA)

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) announced a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.051 per share on Monday, June 3rd. This represents a $0.61 annualized dividend and a dividend yield of 5.70%. The ex-dividend date of this dividend is Tuesday, May 14th.

Nuveen AMT-Free Quality Municipal Income Fund Trading Up 0.6 %

NYSE:NEA traded up $0.06 during mid-day trading on Friday, hitting $10.74. 1,212,376 shares of the company’s stock traded hands, compared to its average volume of 724,321. Nuveen AMT-Free Quality Municipal Income Fund has a twelve month low of $9.20 and a twelve month high of $11.23. The company has a fifty day moving average of $10.88 and a 200 day moving average of $10.69.

Insider Activity at Nuveen AMT-Free Quality Municipal Income Fund

In related news, VP David J. Lamb acquired 6,000 shares of Nuveen AMT-Free Quality Municipal Income Fund stock in a transaction on Wednesday, March 27th. The stock was bought at an average cost of $11.04 per share, for a total transaction of $66,240.00. Following the completion of the transaction, the vice president now owns 6,000 shares of the company’s stock, valued at approximately $66,240. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

About Nuveen AMT-Free Quality Municipal Income Fund

Nuveen AMT-Free Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of the United States. The fund primarily invests in undervalued municipal bonds that are exempt from federal income taxes, including the alternative minimum tax.