Nuveen Quality Municipal Income Fund Announces Monthly Dividend of $0.07 (NYSE:NAD)

Nuveen Quality Municipal Income Fund (NYSE:NAD) declared a monthly dividend on Monday, March 2nd. Stockholders of record on Friday, March 13th will be paid a dividend of 0.0705 per share by the financial services provider on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Friday, March 13th.

Nuveen Quality Municipal Income Fund Stock Performance

NYSE:NAD traded down $0.09 on Wednesday, reaching $12.16. 201,553 shares of the stock traded hands, compared to its average volume of 680,551. Nuveen Quality Municipal Income Fund has a 1-year low of $10.40 and a 1-year high of $12.31. The company’s 50 day moving average is $12.10 and its 200-day moving average is $11.90.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen Quality Municipal Income Fund (NYSE:NAD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds, issued by state and local governments across the United States. By focusing on high-quality issuers, the fund aims to balance income generation with prudent risk management.

Launched in July 2022, NAD is managed by Nuveen Asset Management, a subsidiary of TIAA with decades of experience in municipal bond investing.