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

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) declared a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Stockholders of record on Friday, December 13th will be paid a dividend of 0.078 per share by the financial services provider on Tuesday, December 31st. This represents a $0.94 annualized dividend and a dividend yield of 7.73%. The ex-dividend date of this dividend is Friday, December 13th.

Nuveen Pennsylvania Quality Municipal Income Fund has decreased its dividend by an average of 17.6% annually over the last three years.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

NYSE NQP traded up $0.01 during trading hours on Tuesday, reaching $12.11. The company’s stock had a trading volume of 64,404 shares, compared to its average volume of 57,963. Nuveen Pennsylvania Quality Municipal Income Fund has a 1-year low of $11.11 and a 1-year high of $12.89. The company’s 50-day moving average is $12.11 and its two-hundred day moving average is $12.21.

Insiders Place Their Bets

In other news, major shareholder Saba Capital Management, L.P. sold 72,769 shares of the company’s stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $11.84, for a total value of $861,584.96. Following the completion of the sale, the insider now directly owns 5,024,639 shares in the company, valued at $59,491,725.76. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 143,260 shares of company stock worth $1,702,067. Corporate insiders own 1.00% of the company’s stock.

About Nuveen Pennsylvania Quality Municipal Income Fund

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.