Nuveen Quality Municipal Income Fund (NYSE:NAD) Declares Dividend Increase – $0.08 Per Share

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.0755 per share by the financial services provider on Monday, December 2nd. This represents a $0.91 annualized dividend and a dividend yield of 7.51%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Nuveen Quality Municipal Income Fund’s previous monthly dividend of $0.08.

Nuveen Quality Municipal Income Fund has decreased its dividend by an average of 11.3% per year over the last three years.

Nuveen Quality Municipal Income Fund Trading Up 0.4 %

NYSE NAD traded up $0.05 during mid-day trading on Wednesday, hitting $12.07. The company’s stock had a trading volume of 240,447 shares, compared to its average volume of 681,688. Nuveen Quality Municipal Income Fund has a 52-week low of $10.56 and a 52-week high of $12.47. The stock’s fifty day simple moving average is $12.16 and its two-hundred day simple moving average is $11.83.

Nuveen Quality Municipal Income Fund Company Profile

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.