Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Plans Monthly Dividend of $0.08

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) announced a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Investors of record on Friday, February 14th will be given a dividend of 0.078 per share by the financial services provider on Monday, March 3rd. This represents a $0.94 annualized dividend and a yield of 8.07%. The ex-dividend date of this dividend is Friday, February 14th.

Nuveen Pennsylvania Quality Municipal Income Fund has raised its dividend by an average of 3.6% per year over the last three years.

Nuveen Pennsylvania Quality Municipal Income Fund Trading Down 0.0 %

NYSE NQP traded down $0.01 during trading on Tuesday, reaching $11.60. The company’s stock had a trading volume of 76,043 shares, compared to its average volume of 81,984. Nuveen Pennsylvania Quality Municipal Income Fund has a twelve month low of $11.05 and a twelve month high of $12.89. The business’s fifty day moving average price is $11.51 and its 200-day moving average price is $12.02.

Insider Buying and Selling at Nuveen Pennsylvania Quality Municipal Income Fund

In related news, major shareholder Saba Capital Management, L.P. sold 72,769 shares of the stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $11.84, for a total transaction of $861,584.96. Following the completion of the transaction, the insider now directly owns 5,024,639 shares of the company’s stock, valued at $59,491,725.76. This represents a 1.43 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.00% of the stock is owned by company insiders.

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.