Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Investors of record on Tuesday, April 15th will be given a dividend of 0.038 per share on Thursday, May 1st. This represents a $0.46 annualized dividend and a yield of 4.62%. The ex-dividend date is Tuesday, April 15th.
Nuveen Municipal Income Fund has increased its dividend payment by an average of 6.6% per year over the last three years.
Nuveen Municipal Income Fund Trading Down 0.2 %
Shares of Nuveen Municipal Income Fund stock traded down $0.02 during trading hours on Thursday, reaching $9.87. The stock had a trading volume of 19,837 shares, compared to its average volume of 25,953. Nuveen Municipal Income Fund has a twelve month low of $9.11 and a twelve month high of $10.30. The stock’s 50 day moving average is $9.83 and its 200 day moving average is $9.75.
About Nuveen Municipal Income Fund
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.
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