Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Plans Monthly Dividend of $0.04

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) announced a monthly dividend on Tuesday, September 3rd, NASDAQ reports. Stockholders of record on Friday, September 13th will be paid a dividend of 0.038 per share on Tuesday, October 1st. This represents a $0.46 annualized dividend and a dividend yield of 4.45%. The ex-dividend date is Friday, September 13th.

Nuveen Municipal Income Fund Price Performance

Shares of NMI opened at $10.24 on Thursday. Nuveen Municipal Income Fund has a 12-month low of $8.30 and a 12-month high of $10.30. The firm has a fifty day moving average price of $10.07 and a 200-day moving average price of $9.61.

Nuveen Municipal Income Fund Company Profile

Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.