Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ – Get Free Report) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.0785 per share on Tuesday, April 1st. This represents a $0.94 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date of this dividend is Friday, March 14th.
Nuveen New Jersey Quality Municipal Income Fund Trading Up 0.0 %
NXJ stock opened at $11.99 on Wednesday. Nuveen New Jersey Quality Municipal Income Fund has a 12 month low of $11.45 and a 12 month high of $13.13. The company’s 50 day simple moving average is $12.12 and its 200-day simple moving average is $12.43.
Insider Transactions at Nuveen New Jersey Quality Municipal Income Fund
In other news, major shareholder Saba Capital Management, L.P. sold 50,312 shares of the business’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $11.96, for a total transaction of $601,731.52. Following the completion of the sale, the insider now owns 5,281,191 shares in the company, valued at approximately $63,163,044.36. The trade was a 0.94 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 607,224 shares of company stock worth $7,360,435 in the last ninety days.
Nuveen New Jersey Quality Municipal Income Fund Company Profile
Nuveen New Jersey 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 Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better.
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