Nuveen Quality Municipal Income Fund Declares Monthly Dividend of $0.08 (NYSE:NAD)

Nuveen Quality Municipal Income Fund (NYSE:NAD) declared a monthly dividend on Monday, December 2nd,NASDAQ Dividends reports. Shareholders of record on Friday, December 13th will be given a dividend of 0.0755 per share by the financial services provider on Tuesday, December 31st. This represents a $0.91 dividend on an annualized basis and a yield of 7.35%. The ex-dividend date of this dividend is Friday, December 13th.

Nuveen Quality Municipal Income Fund has decreased its dividend payment by an average of 11.3% per year over the last three years.

Nuveen Quality Municipal Income Fund Stock Performance

Shares of NYSE:NAD opened at $12.33 on Wednesday. Nuveen Quality Municipal Income Fund has a twelve month low of $10.84 and a twelve month high of $12.47. The firm’s 50 day moving average price is $12.13 and its 200-day moving average price is $11.93.

About Nuveen Quality Municipal Income Fund

Nuveen 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 the United States. The fund invests in undervalued municipal securities and other related investments, the income from which is exempt from regular federal income taxes.