Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) declared a monthly dividend on Monday, May 3rd, Zacks reports. Stockholders of record on Friday, May 14th will be paid a dividend of 0.048 per share by the financial services provider on Tuesday, June 1st. This represents a $0.58 annualized dividend and a dividend yield of 4.13%. The ex-dividend date is Thursday, May 13th.
Shares of NYSE:NRK traded up $0.01 during midday trading on Wednesday, hitting $13.96. The stock had a trading volume of 47,005 shares, compared to its average volume of 126,905. The company’s 50-day moving average price is $13.73 and its 200-day moving average price is $13.45. Nuveen New York AMT-Free Quality Municipal Income Fund has a fifty-two week low of $12.07 and a fifty-two week high of $14.04.
In other news, VP Michael A. Perry bought 8,568 shares of the company’s stock in a transaction dated Wednesday, March 10th. The stock was bought at an average cost of $13.48 per share, for a total transaction of $115,496.64. Following the transaction, the vice president now owns 44,762 shares of the company’s stock, valued at $603,391.76. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Nuveen New York AMT-Free 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 New York. The fund invests in undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity of 15.98 years.
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