Nuveen AMT-Free Municipal Credit Income (NVG) Raises Dividend to $0.09 Per Share
Nuveen AMT-Free Municipal Credit Income (NYSE:NVG) announced a None dividend on Monday, December 3rd, NASDAQ reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.093 per share on Monday, December 31st. This represents a dividend yield of 5.63%. The ex-dividend date is Thursday, December 13th. This is an increase from Nuveen AMT-Free Municipal Credit Income’s previous None dividend of $0.07.
Nuveen AMT-Free Municipal Credit Income has raised its dividend payment by an average of 2.2% per year over the last three years.
Shares of NYSE:NVG traded up $0.09 during trading on Friday, hitting $14.06. 439,491 shares of the stock were exchanged, compared to its average volume of 417,240. Nuveen AMT-Free Municipal Credit Income has a 12-month low of $13.30 and a 12-month high of $15.70.
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Nuveen AMT-Free Municipal Credit 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 exempt from regular federal income taxes that are rated Baa/BBB or better by S&P, Moody's, or Fitch, and that have an average maturity of 17.02 years.
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