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

Posted by Grant Hamersma on Dec 4th, 2024

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP – Get Free Report) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Investors of record on Friday, December 13th will be paid a dividend of 0.078 per share by the financial services provider on Tuesday, December 31st. This represents a $0.94 annualized dividend and a dividend yield of 7.73%. The ex-dividend date is Friday, December 13th.

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 Trading Up 0.1 %

NYSE NQP opened at $12.11 on Wednesday. The firm’s 50 day moving average price is $12.11 and its two-hundred day moving average price is $12.21. Nuveen Pennsylvania Quality Municipal Income Fund has a twelve month low of $11.11 and a twelve month high of $12.89.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. sold 16,500 shares of the stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $11.97, for a total value of $197,505.00. Following the completion of the sale, the insider now directly owns 5,154,099 shares of the company’s stock, valued at $61,694,565.03. This represents a 0.32 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last quarter, insiders have sold 143,260 shares of company stock worth $1,702,067. 1.00% of the stock is owned by corporate insiders.

About Nuveen Pennsylvania Quality Municipal Income Fund

(Get Free Report)

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.