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

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Investors of record on Friday, February 14th will be paid a dividend of 0.078 per share by the financial services provider on Monday, March 3rd. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.07%. The ex-dividend date of this dividend is Friday, February 14th.

Nuveen Pennsylvania Quality Municipal Income Fund has increased its dividend payment by an average of 3.6% annually over the last three years.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Down 0.0 %

Shares of Nuveen Pennsylvania Quality Municipal Income Fund stock traded down $0.01 during trading hours on Tuesday, reaching $11.60. 76,043 shares of the company were exchanged, compared to its average volume of 81,984. Nuveen Pennsylvania Quality Municipal Income Fund has a 1 year low of $11.05 and a 1 year high of $12.89. The stock’s fifty day moving average is $11.51 and its 200 day moving average is $12.02.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. purchased 34,334 shares of the company’s stock in a transaction on Tuesday, December 31st. The shares were bought at an average cost of $11.16 per share, for a total transaction of $383,167.44. Following the completion of the purchase, the insider now directly owns 5,058,973 shares of the company’s stock, valued at approximately $56,458,138.68. This trade represents a 0.68 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.00% of the company’s stock.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

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.