Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.038 per share on Thursday, May 1st. This represents a $0.46 annualized dividend and a yield of 4.81%. The ex-dividend date is Tuesday, April 15th.
Nuveen Municipal Income Fund has raised its dividend payment by an average of 6.6% per year over the last three years.
Nuveen Municipal Income Fund Price Performance
Nuveen Municipal Income Fund stock opened at $9.49 on Friday. The firm has a 50-day moving average of $9.80 and a two-hundred day moving average of $9.71. Nuveen Municipal Income Fund has a 1 year low of $9.11 and a 1 year high of $10.30.
About Nuveen Municipal Income Fund
Nuveen Municipal Income Fund, Inc 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 the United States. The fund primarily invests in municipal obligations issued by state and local government authorities.
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