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

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.038 per share on Monday, December 2nd. This represents a $0.46 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date is Friday, November 15th.

Nuveen Municipal Income Fund has decreased its dividend payment by an average of 2.6% per year over the last three years.

Nuveen Municipal Income Fund Stock Performance

NMI stock traded up $0.02 during midday trading on Wednesday, reaching $9.65. 19,881 shares of the company’s stock traded hands, compared to its average volume of 25,658. The firm’s fifty day moving average price is $9.95 and its 200-day moving average price is $9.81. Nuveen Municipal Income Fund has a 52 week low of $8.75 and a 52 week high of $10.30.

About Nuveen Municipal Income Fund

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.