Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) declared a monthly dividend on Thursday, October 1st. Stockholders of record on Thursday, October 15th will be paid a dividend of $0.0380 per share on Monday, November 2nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Thursday, October 15th.
Nuveen Municipal Income Fund Trading Down 0.5%
NYSE NMI opened at $9.34 on Friday. Nuveen Municipal Income Fund has a twelve month low of $9.10 and a twelve month high of $11.28. The firm has a 50-day simple moving average of $10.25 and a 200 day simple moving average of $10.49.
About Nuveen Municipal Income Fund
Nuveen Municipal Income Fund (NYSE:NMI) is a closed-end management investment company advised by Nuveen Asset Management, a subsidiary of Nuveen, the asset-management business of TIAA. The fund seeks to provide current income that is exempt from regular federal income tax by investing primarily in municipal securities.
The fund invests in debt obligations issued by states, municipalities, and other governmental entities and related authorities across the United States. These securities may help finance public services and infrastructure projects, including transportation, utilities, education, health care, and other community facilities.
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