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

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

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

Nuveen Quality Municipal Income Fund Stock Up 0.5 %

NAD stock traded up $0.06 during mid-day trading on Tuesday, reaching $11.82. The company’s stock had a trading volume of 853,869 shares, compared to its average volume of 770,594. The company’s 50 day moving average is $11.82 and its two-hundred day moving average is $11.98. Nuveen Quality Municipal Income Fund has a fifty-two week low of $10.84 and a fifty-two week high of $12.47.

About Nuveen Quality Municipal Income Fund

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.