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

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.078 per share by the financial services provider on Tuesday, September 3rd. This represents a $0.94 annualized dividend and a dividend yield of 7.41%. The ex-dividend date is Thursday, August 15th.

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 Price Performance

NYSE:NQP traded up $0.11 during trading hours on Friday, hitting $12.63. 51,659 shares of the company’s stock traded hands, compared to its average volume of 31,209. Nuveen Pennsylvania Quality Municipal Income Fund has a 52 week low of $9.65 and a 52 week high of $12.66. The business’s fifty day simple moving average is $12.13 and its two-hundred day simple moving average is $11.84.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. acquired 8,068 shares of the stock in a transaction dated Wednesday, May 15th. The stock was purchased at an average cost of $12.00 per share, with a total value of $96,816.00. Following the completion of the purchase, the insider now owns 5,170,599 shares in the company, valued at approximately $62,047,188. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

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.