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

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) announced a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Investors of record on Friday, December 13th will be given a dividend of 0.038 per share on Tuesday, December 31st. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Friday, December 13th.

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

Nuveen Municipal Income Fund Stock Performance

Shares of NYSE:NMI traded up $0.03 during midday trading on Tuesday, reaching $9.66. 36,474 shares of the company traded hands, compared to its average volume of 25,896. The firm’s fifty day moving average price is $9.77 and its two-hundred day moving average price is $9.83. Nuveen Municipal Income Fund has a 12 month low of $8.83 and a 12 month high of $10.30.

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.