Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Declares Monthly Dividend of $0.08

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.0785 per share on Monday, March 3rd. This represents a $0.94 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date of this dividend is Friday, February 14th.

Nuveen New Jersey Quality Municipal Income Fund Price Performance

Shares of NYSE:NXJ opened at $12.14 on Wednesday. The company’s fifty day moving average is $12.19 and its two-hundred day moving average is $12.51. Nuveen New Jersey Quality Municipal Income Fund has a 1-year low of $11.45 and a 1-year high of $13.13.

Insider Activity at Nuveen New Jersey Quality Municipal Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 3,200 shares of the business’s stock in a transaction that occurred on Tuesday, December 24th. The stock was sold at an average price of $11.94, for a total transaction of $38,208.00. Following the completion of the transaction, the insider now owns 5,331,503 shares in the company, valued at $63,658,145.82. The trade was a 0.06 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 690,388 shares of company stock valued at $8,499,162 in the last quarter.

About Nuveen New Jersey Quality Municipal Income Fund

Nuveen New Jersey 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 Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better.