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

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.0785 per share on Monday, December 2nd. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.60%. The ex-dividend date is Friday, November 15th.

Nuveen New Jersey Quality Municipal Income Fund Price Performance

NXJ traded up $0.03 during trading on Thursday, reaching $12.40. The stock had a trading volume of 807 shares, compared to its average volume of 75,367. The stock’s 50 day moving average is $12.79 and its two-hundred day moving average is $12.44. Nuveen New Jersey Quality Municipal Income Fund has a one year low of $10.95 and a one year high of $13.13.

Insider Buying and Selling at Nuveen New Jersey Quality Municipal Income Fund

In other news, major shareholder Saba Capital Management, L.P. sold 5,400 shares of the business’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $12.54, for a total value of $67,716.00. Following the transaction, the insider now owns 5,934,954 shares of the company’s stock, valued at approximately $74,424,323.16. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold a total of 90,512 shares of company stock valued at $1,133,260 in the last three months.

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.