Nuveen Quality Municipal Income Fund (NYSE:NAD) Plans Monthly Dividend of $0.05

Nuveen Quality Municipal Income Fund (NYSE:NAD) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.052 per share by the financial services provider on Monday, June 3rd. This represents a $0.62 annualized dividend and a yield of 5.63%. The ex-dividend date is Tuesday, May 14th.

Nuveen Quality Municipal Income Fund Price Performance

Nuveen Quality Municipal Income Fund stock traded up $0.09 during midday trading on Friday, hitting $11.08. 1,110,470 shares of the company’s stock were exchanged, compared to its average volume of 589,295. The stock has a 50-day moving average price of $11.19 and a two-hundred day moving average price of $11.01. Nuveen Quality Municipal Income Fund has a 52-week low of $9.56 and a 52-week high of $11.51.

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.