Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) to Issue Monthly Dividend of $0.07

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.0725 per share by the investment management company on Thursday, May 1st. This represents a $0.87 dividend on an annualized basis and a yield of 7.13%. The ex-dividend date of this dividend is Tuesday, April 15th.

Nuveen Arizona Quality Municipal Income Fund has raised its dividend by an average of 7.4% annually over the last three years.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

NAZ stock traded up $0.02 during trading on Thursday, reaching $12.21. The stock had a trading volume of 4,737 shares, compared to its average volume of 28,667. The firm has a fifty day moving average price of $12.36 and a 200 day moving average price of $12.03. Nuveen Arizona Quality Municipal Income Fund has a 1-year low of $10.52 and a 1-year high of $13.55.

About Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years.