Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) to Issue $0.08 Monthly Dividend

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Monday, July 15th will be paid a dividend of 0.078 per share by the financial services provider on Thursday, August 1st. This represents a $0.94 annualized dividend and a dividend yield of 7.67%. The ex-dividend date is Monday, July 15th.

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

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

Shares of Nuveen Pennsylvania Quality Municipal Income Fund stock traded up $0.02 during trading on Tuesday, reaching $12.21. 25,090 shares of the stock were exchanged, compared to its average volume of 51,664. Nuveen Pennsylvania Quality Municipal Income Fund has a 1 year low of $9.65 and a 1 year high of $12.24. The stock’s fifty day moving average is $11.83 and its 200 day moving average is $11.72.

Insiders Place Their Bets

In other Nuveen Pennsylvania Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. bought 31,908 shares of Nuveen Pennsylvania Quality Municipal Income Fund stock in a transaction dated Thursday, April 25th. The shares were purchased at an average cost of $11.46 per share, with a total value of $365,665.68. Following the completion of the purchase, the insider now owns 5,087,694 shares of the company’s stock, valued at $58,304,973.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last 90 days, insiders acquired 49,006 shares of company stock worth $566,434. 1.00% of the stock is currently owned by company insiders.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

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.