Nuveen Quality Municipal Income Fund (NYSE:NAD) Raises Dividend to $0.08 Per Share

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, July 15th will be paid a dividend of 0.0755 per share by the financial services provider on Thursday, August 1st. This represents a $0.91 annualized dividend and a dividend yield of 7.70%. The ex-dividend date of this dividend is Monday, July 15th. This is a positive change from Nuveen Quality Municipal Income Fund’s previous monthly dividend of $0.08.

Nuveen Quality Municipal Income Fund has decreased its dividend by an average of 11.3% annually over the last three years.

Nuveen Quality Municipal Income Fund Trading Up 0.3 %

Nuveen Quality Municipal Income Fund stock traded up $0.03 during trading on Tuesday, hitting $11.76. 730,093 shares of the company were exchanged, compared to its average volume of 627,052. The business’s 50 day moving average is $11.35 and its 200 day moving average is $11.30. Nuveen Quality Municipal Income Fund has a 52 week low of $9.56 and a 52 week high of $11.93.

Insider Transactions at Nuveen Quality Municipal Income Fund

In other news, insider Young L. Robert purchased 16,977 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were bought at an average cost of $11.78 per share, with a total value of $199,989.06. Following the completion of the transaction, the insider now directly owns 32,727 shares of the company’s stock, valued at $385,524.06. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

About Nuveen Quality Municipal Income Fund

Nuveen 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 the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.