Nuveen New Jersey Quality Municipal Income Fund (NXJ) to Issue Monthly Dividend of $0.08 on March 3rd

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Investors of record on Friday, February 14th will be paid a dividend of 0.0785 per share on Monday, March 3rd. This represents a $0.94 annualized dividend and a yield of 7.76%. The ex-dividend date of this dividend is Friday, February 14th.

Nuveen New Jersey Quality Municipal Income Fund Stock Performance

Shares of NXJ opened at $12.14 on Wednesday. Nuveen New Jersey Quality Municipal Income Fund has a 12 month low of $11.45 and a 12 month high of $13.13. The stock’s 50-day moving average is $12.19 and its two-hundred day moving average is $12.51.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 16,600 shares of Nuveen New Jersey Quality Municipal Income Fund stock in a transaction on Thursday, January 30th. The shares were sold at an average price of $12.11, for a total transaction of $201,026.00. Following the sale, the insider now owns 4,851,330 shares of the company’s stock, valued at $58,749,606.30. The trade was a 0.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In the last ninety days, insiders have sold 690,388 shares of company stock valued at $8,499,162.

Nuveen New Jersey Quality Municipal Income Fund Company Profile

Nuveen New Jersey 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 New Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better.