Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.036 per share on Tuesday, September 3rd. This represents a $0.43 annualized dividend and a yield of 4.24%. The ex-dividend date is Thursday, August 15th.
Nuveen Municipal Income Fund has decreased its dividend payment by an average of 2.6% annually over the last three years.
Nuveen Municipal Income Fund Stock Performance
NMI remained flat at $10.19 during trading on Wednesday. 3,809 shares of the company traded hands, compared to its average volume of 24,398. The stock has a 50 day moving average of $9.83 and a 200-day moving average of $9.48. Nuveen Municipal Income Fund has a 1-year low of $8.30 and a 1-year high of $10.26.
Nuveen Municipal Income Fund Company Profile
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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