Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) Plans $0.07 Monthly Dividend

Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE:NRK) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.069 per share by the financial services provider on Monday, February 3rd. This represents a $0.83 dividend on an annualized basis and a dividend yield of 7.84%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen New York AMT-Free Quality Municipal Income Fund has decreased its dividend by an average of 8.7% per year over the last three years.

Nuveen New York AMT-Free Quality Municipal Income Fund Stock Performance

NRK stock traded up $0.04 during midday trading on Friday, reaching $10.56. The company had a trading volume of 76,121 shares, compared to its average volume of 126,711. The stock has a 50 day moving average price of $10.79 and a 200 day moving average price of $10.98. Nuveen New York AMT-Free Quality Municipal Income Fund has a fifty-two week low of $10.23 and a fifty-two week high of $11.36.

Nuveen New York AMT-Free Quality Municipal Income Fund Company Profile

Nuveen New York AMT-Free 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 New York. The fund invests in undervalued municipal securities and other related investments the income, covered by insurance from insurers with a claims-paying ability, exempt from regular federal and New York income tax and are rated Baa, BBB or better and having an average maturity of 15.98 years.