Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) to Issue Monthly Dividend of $0.07

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.071 per share by the financial services provider on Monday, February 3rd. This represents a $0.85 annualized dividend and a dividend yield of 7.41%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen Massachusetts Quality Municipal Income Fund Stock Performance

NYSE:NMT opened at $11.50 on Monday. The firm has a 50-day moving average price of $11.63 and a two-hundred day moving average price of $11.48. Nuveen Massachusetts Quality Municipal Income Fund has a twelve month low of $10.36 and a twelve month high of $12.21.

Nuveen Massachusetts Quality Municipal Income Fund Company Profile

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