Nuveen New Jersey Quality Municipal Income Fund Plans Monthly Dividend of $0.08 (NYSE:NXJ)

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.0785 per share on Thursday, May 1st. This represents a $0.94 annualized dividend and a yield of 8.32%. The ex-dividend date is Tuesday, April 15th.

Nuveen New Jersey Quality Municipal Income Fund Trading Up 1.1 %

Nuveen New Jersey Quality Municipal Income Fund stock opened at $11.32 on Friday. The stock has a 50-day moving average of $11.93 and a two-hundred day moving average of $12.23. Nuveen New Jersey Quality Municipal Income Fund has a one year low of $11.01 and a one year high of $13.13.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 20,704 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $11.96, for a total value of $247,619.84. Following the completion of the transaction, the insider now directly owns 4,143,267 shares of the company’s stock, valued at approximately $49,553,473.32. This represents a 0.50 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 464,674 shares of company stock valued at $5,641,358 over 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.