Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.038 per share on Monday, March 3rd. This represents a $0.46 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Friday, February 14th.
Nuveen Municipal Income Fund has raised its dividend by an average of 6.6% per year over the last three years.
Nuveen Municipal Income Fund Stock Performance
NMI stock opened at $9.80 on Wednesday. The firm has a 50 day moving average of $9.57 and a 200-day moving average of $9.82. Nuveen Municipal Income Fund has a 12 month low of $9.11 and a 12 month high of $10.30.
About Nuveen Municipal Income Fund
Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.
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