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

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

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

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

Shares of NRK traded up $0.04 during trading hours on Friday, reaching $10.56. 76,121 shares of the company’s stock traded hands, compared to its average volume of 126,711. The firm’s 50 day simple moving average is $10.79 and its 200-day simple moving average is $10.98. Nuveen New York AMT-Free Quality Municipal Income Fund has a 12 month low of $10.23 and a 12 month 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.