Nuveen Quality Municipal Income Fund (NYSE:NAD) Plans $0.08 Monthly Dividend

Nuveen Quality Municipal Income Fund (NYSE:NAD) 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 0.0755 per share by the financial services provider on Monday, February 3rd. This represents a $0.91 dividend on an annualized basis and a yield of 7.64%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen Quality Municipal Income Fund has decreased its dividend payment by an average of 11.3% annually over the last three years.

Nuveen Quality Municipal Income Fund Stock Up 0.3 %

Shares of NAD stock traded up $0.04 on Friday, reaching $11.86. The stock had a trading volume of 630,601 shares, compared to its average volume of 570,451. Nuveen Quality Municipal Income Fund has a 12 month low of $10.84 and a 12 month high of $12.47. The firm’s 50-day moving average is $11.94 and its two-hundred day moving average is $11.99.

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.