Nuveen Municipal Income Fund, Inc. Plans Monthly Dividend of $0.04 (NYSE:NMI)

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) declared a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be given a dividend of 0.038 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, July 15th.

Nuveen Municipal Income Fund Trading Down 0.3%

Shares of Nuveen Municipal Income Fund stock opened at $10.98 on Thursday. Nuveen Municipal Income Fund has a twelve month low of $9.62 and a twelve month high of $11.28. The company has a 50-day simple moving average of $10.74 and a two-hundred day simple moving average of $10.32.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Steward Partners Investment Advisory LLC acquired a new stake in shares of Nuveen Municipal Income Fund in the fourth quarter valued at approximately $37,000. Raymond James Financial Inc. acquired a new stake in Nuveen Municipal Income Fund during the second quarter worth approximately $72,000. Astoria Portfolio Advisors LLC. acquired a new stake in Nuveen Municipal Income Fund during the fourth quarter worth approximately $116,000. Cetera Investment Advisers bought a new position in Nuveen Municipal Income Fund during the 2nd quarter worth $118,000. Finally, Kestra Advisory Services LLC increased its stake in Nuveen Municipal Income Fund by 118.6% during the 1st quarter. Kestra Advisory Services LLC now owns 12,024 shares of the company’s stock worth $126,000 after acquiring an additional 6,524 shares during the period. 16.57% of the stock is owned by institutional investors.

Nuveen Municipal Income Fund Company Profile

Nuveen Municipal Income Fund (NYSE: NMI) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The fund primarily invests in municipal obligations issued by U.S. states, territories and municipalities, as well as certain municipal securities issued outside the United States. By focusing on a diversified portfolio of investment-grade and select below-investment-grade municipal bonds, NMI aims to deliver tax-advantaged income to its shareholders.

The fund’s portfolio typically includes general obligation bonds, revenue bonds and other municipal securities across a broad range of sectors, including transportation, utilities, health care and education.