Nuveen New Jersey Quality Municipal Income Fund (NXJ) to Issue Monthly Dividend of $0.08 on May 1st

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.0785 per share on Thursday, May 1st. This represents a $0.94 annualized dividend and a dividend yield of 8.02%. The ex-dividend date is Tuesday, April 15th.

Nuveen New Jersey Quality Municipal Income Fund Stock Down 0.8 %

Shares of NXJ stock opened at $11.75 on Friday. Nuveen New Jersey Quality Municipal Income Fund has a 52 week low of $11.45 and a 52 week high of $13.13. The company has a 50-day simple moving average of $12.03 and a 200 day simple moving average of $12.31.

Insider Activity

In other Nuveen New Jersey Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. sold 31,258 shares of Nuveen New Jersey Quality Municipal Income Fund stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $12.31, for a total value of $384,785.98. Following the completion of the sale, the insider now owns 4,346,954 shares in the company, valued at $53,511,003.74. The trade was a 0.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 495,518 shares of company stock valued at $6,012,102.

About Nuveen New Jersey Quality Municipal Income Fund

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.