Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) to Issue $0.07 Monthly Dividend

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be given a dividend of 0.071 per share by the financial services provider on Monday, March 3rd. This represents a $0.85 annualized dividend and a dividend yield of 7.33%. The ex-dividend date is Friday, February 14th.

Nuveen Massachusetts Quality Municipal Income Fund Trading Down 0.7 %

Shares of NYSE NMT traded down $0.08 during midday trading on Tuesday, hitting $11.62. The company’s stock had a trading volume of 13,743 shares, compared to its average volume of 20,156. Nuveen Massachusetts Quality Municipal Income Fund has a 1-year low of $10.41 and a 1-year high of $12.21. The firm’s fifty day moving average price is $11.55 and its 200-day moving average price is $11.52.

About Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts 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 Massachusetts, United States. The fund primarily invests in undervalued municipal securities and other related investments which are exempt from regular federal and Massachusetts income taxes.