Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ – Get Free Report) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.0785 per share on Tuesday, December 31st. This represents a $0.94 annualized dividend and a dividend yield of 7.43%. The ex-dividend date of this dividend is Friday, December 13th.
Nuveen New Jersey Quality Municipal Income Fund Stock Down 0.2 %
Shares of Nuveen New Jersey Quality Municipal Income Fund stock opened at $12.68 on Wednesday. Nuveen New Jersey Quality Municipal Income Fund has a 52-week low of $11.45 and a 52-week high of $13.13. The firm’s 50 day moving average price is $12.63 and its 200-day moving average price is $12.49.
Insider Transactions at Nuveen New Jersey Quality Municipal Income Fund
In other news, major shareholder Saba Capital Management, L.P. sold 39,244 shares of the company’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of $12.62, for a total transaction of $495,259.28. Following the transaction, the insider now owns 5,940,354 shares in the company, valued at $74,967,267.48. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders have sold 343,585 shares of company stock valued at $4,270,767.
Nuveen New Jersey Quality Municipal Income Fund Company Profile
Nuveen New Jersey 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 New Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better.
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