Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) to Issue $0.08 Monthly Dividend

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.079 per share on Monday, February 3rd. This represents a $0.95 annualized dividend and a yield of 7.59%. The ex-dividend date is Wednesday, January 15th.

Nuveen AMT-Free Municipal Credit Income Fund has decreased its dividend payment by an average of 15.7% per year over the last three years.

Nuveen AMT-Free Municipal Credit Income Fund Trading Up 0.4 %

Shares of NYSE NVG traded up $0.05 during midday trading on Friday, reaching $12.49. 485,146 shares of the stock were exchanged, compared to its average volume of 490,123. Nuveen AMT-Free Municipal Credit Income Fund has a 12 month low of $11.36 and a 12 month high of $13.56. The business has a 50-day simple moving average of $12.71 and a two-hundred day simple moving average of $12.81.

Insider Buying and Selling

In other Nuveen AMT-Free Municipal Credit Income Fund news, VP David J. Lamb bought 3,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was acquired at an average cost of $12.44 per share, with a total value of $37,320.00. Following the purchase, the vice president now owns 3,000 shares in the company, valued at $37,320. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

About Nuveen AMT-Free Municipal Credit Income Fund

Nuveen AMT-Free Municipal Credit 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 exempt from regular federal income taxes that are rated Baa/BBB or better by S&P, Moody’s, or Fitch, and that have an average maturity of 17.02 years.