Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) Plans Monthly Dividend of $0.06

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) declared a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be given a dividend of 0.064 per share by the financial services provider on Monday, June 1st. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date is Friday, May 15th.

Nuveen Massachusetts Quality Municipal Income Fund Stock Performance

Shares of NYSE NMT traded up $0.04 during trading hours on Wednesday, hitting $13.12. 4,435 shares of the company traded hands, compared to its average volume of 22,636. The company’s 50 day moving average price is $12.32 and its 200 day moving average price is $11.83. Nuveen Massachusetts Quality Municipal Income Fund has a 12 month low of $11.11 and a 12 month high of $13.69.

Nuveen Massachusetts Quality Municipal Income Fund Company Profile

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) is a closed-end management investment company that seeks to provide shareholders with a high level of current income that is exempt from regular U.S. federal income tax. The fund primarily invests in investment-grade municipal securities, with an emphasis on bonds issued by state and local governments and agencies in Massachusetts. Its portfolio includes general obligation bonds, revenue bonds, and other municipal debt instruments that meet the fund’s credit quality standards.

As part of the Nuveen family of investment products, the fund is managed by Nuveen’s municipal fixed income team.