Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Announces Monthly Dividend of $0.08

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.078 per share by the financial services provider on Tuesday, December 31st. This represents a $0.94 annualized dividend and a yield of 7.73%. The ex-dividend date is Friday, December 13th.

Nuveen Pennsylvania Quality Municipal Income Fund has decreased its dividend by an average of 17.6% annually over the last three years.

Nuveen Pennsylvania Quality Municipal Income Fund Trading Up 0.1 %

Nuveen Pennsylvania Quality Municipal Income Fund stock traded up $0.01 during mid-day trading on Tuesday, hitting $12.11. The company had a trading volume of 64,404 shares, compared to its average volume of 57,963. The stock’s 50 day moving average price is $12.11 and its two-hundred day moving average price is $12.21. Nuveen Pennsylvania Quality Municipal Income Fund has a 12 month low of $11.11 and a 12 month high of $12.89.

Insider Transactions at Nuveen Pennsylvania Quality Municipal Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 72,769 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $11.84, for a total value of $861,584.96. Following the transaction, the insider now directly owns 5,024,639 shares of the company’s stock, valued at approximately $59,491,725.76. This represents a 1.43 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders have sold 143,260 shares of company stock worth $1,702,067. Corporate insiders own 1.00% of the company’s stock.

About Nuveen Pennsylvania Quality Municipal Income Fund

Nuveen Pennsylvania 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 Pennsylvania. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.