Nuveen AMT-Free Quality Municipal Income Fund Plans Monthly Dividend of $0.07 (NYSE:NEA)

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) declared a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be paid a dividend of 0.068 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Friday, May 15th.

Nuveen AMT-Free Quality Municipal Income Fund Price Performance

Shares of NEA traded down $0.03 during trading hours on Wednesday, hitting $11.57. The company’s stock had a trading volume of 371,676 shares, compared to its average volume of 873,776. The business has a 50 day simple moving average of $11.48 and a two-hundred day simple moving average of $11.57. Nuveen AMT-Free Quality Municipal Income Fund has a 52-week low of $10.60 and a 52-week high of $11.90.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile

Nuveen AMT-Free Quality Municipal Income Fund (NYSE: NEA) is a closed-end management investment company that seeks to provide high current income exempt from federal alternative minimum tax. The fund primarily invests in a diversified portfolio of investment-grade municipal bonds, focusing on securities that enjoy strong credit quality and are issued by states, municipalities and public authorities across the United States.

In constructing its portfolio, NEA emphasizes bonds that are rated investment grade by one or more major rating agencies, with an aim to balance income generation and risk management.