Nuveen AMT-Free Municipal Credit Income Fund to Issue Monthly Dividend of $0.08 (NYSE:NVG)

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.079 per share on Monday, February 3rd. This represents a $0.95 dividend on an annualized basis and a yield of 7.59%. The ex-dividend date is Wednesday, January 15th.

Nuveen AMT-Free Municipal Credit Income Fund has decreased its dividend payment by an average of 15.7% per year over the last three years.

Nuveen AMT-Free Municipal Credit Income Fund Stock Performance

Shares of NYSE NVG traded up $0.05 during trading hours on Friday, hitting $12.49. 485,146 shares of the stock were exchanged, compared to its average volume of 490,123. The company’s fifty day simple moving average is $12.71 and its two-hundred day simple moving average is $12.81. Nuveen AMT-Free Municipal Credit Income Fund has a 1-year low of $11.36 and a 1-year high of $13.56.

Insiders Place Their Bets

In other Nuveen AMT-Free Municipal Credit Income Fund news, VP David J. Lamb bought 3,000 shares of the stock in a transaction on Wednesday, November 6th. The stock was purchased at an average price of $12.44 per share, with a total value of $37,320.00. Following the completion of the purchase, the vice president now owns 3,000 shares in the company, valued at $37,320. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

About Nuveen AMT-Free Municipal Credit Income Fund

Nuveen AMT-Free Municipal Credit 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 exempt from regular federal income taxes that are rated Baa/BBB or better by S&P, Moody’s, or Fitch, and that have an average maturity of 17.02 years.