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

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.0755 per share by the financial services provider on Tuesday, April 1st. This represents a $0.91 annualized dividend and a dividend yield of 7.62%. The ex-dividend date is Friday, March 14th.

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

Nuveen Quality Municipal Income Fund Stock Down 0.4 %

Shares of NYSE:NAD traded down $0.05 during mid-day trading on Tuesday, hitting $11.89. The stock had a trading volume of 790,449 shares, compared to its average volume of 698,848. The company’s 50 day moving average is $11.76 and its 200-day moving average is $11.98. Nuveen Quality Municipal Income Fund has a 12-month low of $10.84 and a 12-month high of $12.47.

Nuveen Quality Municipal Income Fund Company Profile

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.