Nuveen Pennsylvania Quality Municipal Income Fund (NQP) to Issue Monthly Dividend of $0.08 on February 3rd

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.078 per share by the financial services provider on Monday, February 3rd. This represents a $0.94 annualized dividend and a dividend yield of 8.31%. The ex-dividend date is Wednesday, January 15th.

Nuveen Pennsylvania Quality Municipal Income Fund has increased its dividend payment by an average of 3.6% annually over the last three years.

Nuveen Pennsylvania Quality Municipal Income Fund Trading Down 0.6 %

NYSE:NQP opened at $11.26 on Monday. The company has a fifty day moving average of $11.66 and a 200 day moving average of $12.13. Nuveen Pennsylvania Quality Municipal Income Fund has a 52 week low of $11.05 and a 52 week high of $12.89.

Insider Activity

In other Nuveen Pennsylvania Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. sold 2,789 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $11.89, for a total value of $33,161.21. Following the completion of the transaction, the insider now directly owns 5,151,310 shares in the company, valued at approximately $61,249,075.90. This represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 143,260 shares of company stock valued at $1,702,067. Insiders own 1.00% of the company’s stock.

About Nuveen Pennsylvania Quality Municipal Income Fund

Nuveen Pennsylvania 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 Pennsylvania. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.