Nuveen Quality Municipal Income Fund to Issue Monthly Dividend of $0.08 (NYSE:NAD)

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be paid a dividend of 0.0755 per share by the financial services provider on Tuesday, April 1st. This represents a $0.91 annualized dividend and a yield of 7.62%. The ex-dividend date is Friday, March 14th.

Nuveen Quality Municipal Income Fund has increased its dividend payment by an average of 2.7% annually over the last three years.

Nuveen Quality Municipal Income Fund Price Performance

Shares of NAD stock traded down $0.05 on Tuesday, hitting $11.89. The stock had a trading volume of 790,449 shares, compared to its average volume of 698,848. Nuveen Quality Municipal Income Fund has a twelve month low of $10.84 and a twelve month high of $12.47. The company has a fifty day moving average price of $11.76 and a two-hundred day moving average price of $11.98.

About Nuveen Quality Municipal Income Fund

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