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

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be given a dividend of 0.0705 per share by the financial services provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend is Friday, August 14th.

Nuveen Quality Municipal Income Fund Stock Performance

Shares of NYSE:NAD opened at $11.65 on Tuesday. The firm has a 50 day simple moving average of $11.87 and a 200 day simple moving average of $11.89. Nuveen Quality Municipal Income Fund has a 52 week low of $11.11 and a 52 week high of $12.31.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen Quality Municipal Income Fund (NYSE:NAD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds, issued by state and local governments across the United States. By focusing on high-quality issuers, the fund aims to balance income generation with prudent risk management.

Launched in July 2022, NAD is managed by Nuveen Asset Management, a subsidiary of TIAA with decades of experience in municipal bond investing.