Nuveen Quality Municipal Income Fund to Issue Monthly Dividend of $0.05 (NYSE:NAD)

Nuveen Quality Municipal Income Fund (NYSE:NAD) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.052 per share by the financial services provider on Monday, June 3rd. This represents a $0.62 dividend on an annualized basis and a dividend yield of 5.63%. The ex-dividend date is Tuesday, May 14th.

Nuveen Quality Municipal Income Fund Trading Up 0.8 %

Shares of NAD traded up $0.09 during mid-day trading on Friday, reaching $11.08. 1,110,470 shares of the company’s stock traded hands, compared to its average volume of 589,295. The stock’s 50-day moving average is $11.19 and its two-hundred day moving average is $11.01. Nuveen Quality Municipal Income Fund has a 12 month low of $9.56 and a 12 month high of $11.51.

About Nuveen Quality Municipal Income Fund

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.