Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Declares $0.08 Monthly Dividend

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.0785 per share on Tuesday, April 1st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.68%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen New Jersey Quality Municipal Income Fund Stock Performance

Nuveen New Jersey Quality Municipal Income Fund stock traded down $0.06 during midday trading on Tuesday, reaching $12.26. The stock had a trading volume of 79,659 shares, compared to its average volume of 91,751. The company has a fifty day moving average price of $12.11 and a two-hundred day moving average price of $12.45. Nuveen New Jersey Quality Municipal Income Fund has a 12 month low of $11.45 and a 12 month high of $13.13.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 11,593 shares of the business’s stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $12.64, for a total transaction of $146,535.52. Following the transaction, the insider now directly owns 5,464,146 shares in the company, valued at approximately $69,066,805.44. The trade was a 0.21 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Over the last 90 days, insiders sold 635,998 shares of company stock worth $7,778,348.

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.