Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Announces Monthly Dividend of $0.04

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.038 per share on Monday, December 2nd. This represents a $0.46 dividend on an annualized basis and a dividend yield of 4.73%. The ex-dividend date of this dividend is Friday, November 15th.

Nuveen Municipal Income Fund has decreased its dividend payment by an average of 2.6% per year over the last three years.

Nuveen Municipal Income Fund Stock Up 0.2 %

Shares of Nuveen Municipal Income Fund stock traded up $0.02 during trading on Wednesday, reaching $9.65. The company’s stock had a trading volume of 19,781 shares, compared to its average volume of 25,658. Nuveen Municipal Income Fund has a 1-year low of $8.75 and a 1-year high of $10.30. The company has a 50-day simple moving average of $9.95 and a two-hundred day simple moving average of $9.81.

Nuveen Municipal Income Fund Company Profile

Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.