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

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, May 3rd, Zacks reports. Investors of record on Friday, May 14th will be given a dividend of 0.06 per share by the financial services provider on Tuesday, June 1st. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date is Thursday, May 13th. This is a boost from Nuveen Quality Municipal Income Fund’s previous monthly dividend of $0.06.

Nuveen Quality Municipal Income Fund stock traded down $0.02 during midday trading on Wednesday, hitting $15.46. 8,549 shares of the stock were exchanged, compared to its average volume of 412,204. Nuveen Quality Municipal Income Fund has a 52-week low of $13.13 and a 52-week high of $15.56. The business’s 50-day moving average price is $15.25 and its 200-day moving average price is $15.06.

About Nuveen Quality Municipal Income Fund

Nuveen 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 the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.

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Dividend History for Nuveen Quality Municipal Income Fund (NYSE:NAD)

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