Nuveen Quality Municipal Income Fund (NYSE:NAD) Increases Dividend to $0.08 Per Share

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Investors of record on Monday, July 15th will be paid a dividend of 0.0755 per share by the financial services provider on Thursday, August 1st. This represents a $0.91 annualized dividend and a yield of 7.70%. The ex-dividend date of this dividend is Monday, July 15th. This is a positive change from Nuveen Quality Municipal Income Fund’s previous monthly dividend of $0.08.

Nuveen Quality Municipal Income Fund has decreased its dividend by an average of 11.3% per year over the last three years.

Nuveen Quality Municipal Income Fund Stock Performance

Nuveen Quality Municipal Income Fund stock traded up $0.03 on Tuesday, hitting $11.76. 730,093 shares of the stock traded hands, compared to its average volume of 627,052. The business’s fifty day simple moving average is $11.35 and its 200 day simple moving average is $11.30. Nuveen Quality Municipal Income Fund has a 1 year low of $9.56 and a 1 year high of $11.93.

Insider Activity at Nuveen Quality Municipal Income Fund

In other Nuveen Quality Municipal Income Fund news, insider Young L. Robert acquired 16,977 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were acquired at an average price of $11.78 per share, for a total transaction of $199,989.06. Following the completion of the acquisition, the insider now owns 32,727 shares in the company, valued at $385,524.06. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen 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 the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.