Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ – Get Free Report) announced 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 Trading Up 0.1 %
Shares of NXJ traded up $0.01 during mid-day trading on Tuesday, reaching $12.14. The company’s stock had a trading volume of 118,470 shares, compared to its average volume of 111,826. Nuveen New Jersey Quality Municipal Income Fund has a 12-month low of $11.45 and a 12-month high of $13.13. The company’s 50 day moving average is $12.19 and its 200 day moving average is $12.51.
Insider Buying and Selling at Nuveen New Jersey Quality Municipal Income Fund
In other Nuveen New Jersey Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. sold 30,203 shares of the company’s stock in a transaction on Friday, November 8th. The shares were sold at an average price of $12.44, for a total value of $375,725.32. Following the completion of the transaction, the insider now owns 5,869,933 shares in the company, valued at $73,021,966.52. This represents a 0.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 690,388 shares of company stock worth $8,499,162 over the last three months.
Nuveen New Jersey Quality Municipal Income Fund Company Profile
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.
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