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

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.0755 per share by the financial services provider on Tuesday, April 1st. This represents a $0.91 dividend on an annualized basis and a dividend yield of 7.67%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen Quality Municipal Income Fund has raised its dividend payment by an average of 2.7% annually over the last three years.

Nuveen Quality Municipal Income Fund Stock Up 0.3 %

Shares of NAD stock opened at $11.81 on Wednesday. The stock has a 50 day simple moving average of $11.79 and a 200-day simple moving average of $11.97. Nuveen Quality Municipal Income Fund has a 1-year low of $10.84 and a 1-year high of $12.47.

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.