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

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.0785 per share on Monday, December 2nd. This represents a $0.94 annualized dividend and a dividend yield of 7.58%. The ex-dividend date is Friday, November 15th.

Nuveen New Jersey Quality Municipal Income Fund Stock Up 0.3 %

NYSE NXJ traded up $0.04 on Wednesday, reaching $12.43. The company had a trading volume of 26,555 shares, compared to its average volume of 75,521. Nuveen New Jersey Quality Municipal Income Fund has a 1 year low of $10.90 and a 1 year high of $13.13. The firm has a 50-day moving average of $12.80 and a 200-day moving average of $12.44.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. sold 15,665 shares of Nuveen New Jersey Quality Municipal Income Fund stock in a transaction on Friday, November 1st. The shares were sold at an average price of $12.42, for a total transaction of $194,559.30. Following the sale, the insider now owns 5,900,136 shares of the company’s stock, valued at $73,279,689.12. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders sold 90,512 shares of company stock worth $1,133,260.

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.