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

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Shareholders of record on Friday, November 15th will be paid a dividend of 0.0785 per share on Monday, December 2nd. This represents a $0.94 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date of this dividend is Friday, November 15th.

Nuveen New Jersey Quality Municipal Income Fund Price Performance

Shares of NXJ stock traded up $0.04 during trading hours on Wednesday, hitting $12.43. 21,644 shares of the company’s stock were exchanged, compared to its average volume of 75,498. The stock’s 50-day moving average is $12.80 and its 200-day moving average is $12.44. Nuveen New Jersey Quality Municipal Income Fund has a 52 week low of $10.90 and a 52 week high of $13.13.

Insider Transactions at Nuveen New Jersey Quality Municipal Income Fund

In other news, major shareholder Saba Capital Management, L.P. sold 39,244 shares of the stock in a transaction on Friday, October 25th. The stock was sold at an average price of $12.62, for a total transaction of $495,259.28. Following the sale, the insider now owns 5,940,354 shares in the company, valued at approximately $74,967,267.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last quarter, insiders have sold 90,512 shares of company stock worth $1,133,260.

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.