Nuveen Arizona Quality Municipal Income Fund to Issue Monthly Dividend of $0.06 (NYSE:NAZ)

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) declared a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.062 per share by the investment management company on Wednesday, July 1st. This represents a c) dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Monday, June 15th.

Nuveen Arizona Quality Municipal Income Fund Price Performance

Shares of NAZ opened at $12.93 on Tuesday. The firm has a 50 day simple moving average of $12.52 and a 200-day simple moving average of $12.21. Nuveen Arizona Quality Municipal Income Fund has a 1-year low of $11.40 and a 1-year high of $13.00.

Nuveen Arizona Quality Municipal Income Fund Company Profile

Nuveen Arizona Quality Municipal Income Fund (NYSE: NAZ) is a closed-end management investment company that seeks to provide shareholders with a high level of current income that is exempt from regular U.S. federal income tax. Managed by Nuveen Asset Management, the fund focuses on investment-grade municipal obligations issued by or on behalf of entities located in the state of Arizona. Its portfolio typically includes general obligation bonds, revenue bonds and essential-purpose municipal securities backed by state and local governments and quasi-governmental agencies.

The fund employs fundamental credit analysis to select bonds that meet rigorous quality standards, aiming to preserve principal while generating tax-advantaged income.