Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Declares Monthly Dividend of $0.08

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.078 per share by the financial services provider on Tuesday, April 1st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.00%. The ex-dividend date is Friday, March 14th.

Nuveen Pennsylvania Quality Municipal Income Fund has increased its dividend payment by an average of 5.9% per year over the last three years.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Down 0.6 %

NYSE NQP traded down $0.07 during trading on Tuesday, reaching $11.70. 66,123 shares of the stock traded hands, compared to its average volume of 73,230. The stock’s 50-day moving average price is $11.45 and its 200 day moving average price is $11.91. Nuveen Pennsylvania Quality Municipal Income Fund has a fifty-two week low of $11.05 and a fifty-two week high of $12.89.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. acquired 34,334 shares of Nuveen Pennsylvania Quality Municipal Income Fund stock in a transaction dated Tuesday, December 31st. The stock was bought at an average cost of $11.16 per share, with a total value of $383,167.44. Following the completion of the transaction, the insider now directly owns 5,058,973 shares of the company’s stock, valued at approximately $56,458,138.68. This represents a 0.68 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.00% of the company’s stock.

About Nuveen Pennsylvania Quality Municipal Income Fund

Nuveen Pennsylvania 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 Pennsylvania. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.