Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ – Get Free Report) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.0785 per share on Monday, February 3rd. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.73%. The ex-dividend date is Wednesday, January 15th.
Nuveen New Jersey Quality Municipal Income Fund Stock Up 0.7 %
Shares of NYSE:NXJ traded up $0.08 during trading on Friday, hitting $12.18. 92,320 shares of the company were exchanged, compared to its average volume of 99,310. Nuveen New Jersey Quality Municipal Income Fund has a fifty-two week low of $11.45 and a fifty-two week high of $13.13. The firm has a fifty day moving average price of $12.32 and a two-hundred day moving average price of $12.53.
Insider Buying and Selling
In other Nuveen New Jersey Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. sold 3,200 shares of the company’s stock in a transaction on Tuesday, December 24th. The shares were sold at an average price of $11.94, for a total value of $38,208.00. Following the transaction, the insider now directly owns 5,331,503 shares in the company, valued at $63,658,145.82. The trade was a 0.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 575,344 shares of company stock worth $7,140,285.
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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