Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) declared a monthly dividend on Monday, June 1st. Investors of record on Monday, June 15th will be given a dividend of 0.038 per share on Wednesday, July 1st. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Monday, June 15th.
Nuveen Municipal Income Fund Stock Up 2.5%
NMI opened at $10.93 on Tuesday. The company has a fifty day moving average of $10.45 and a 200 day moving average of $10.17. Nuveen Municipal Income Fund has a fifty-two week low of $9.62 and a fifty-two week high of $11.18.
Nuveen Municipal Income Fund Company Profile
Nuveen Municipal Income Fund (NYSE: NMI) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The fund primarily invests in municipal obligations issued by U.S. states, territories and municipalities, as well as certain municipal securities issued outside the United States. By focusing on a diversified portfolio of investment-grade and select below-investment-grade municipal bonds, NMI aims to deliver tax-advantaged income to its shareholders.
The fund’s portfolio typically includes general obligation bonds, revenue bonds and other municipal securities across a broad range of sectors, including transportation, utilities, health care and education.
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