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

Posted by Trevor Kearing on Aug 3rd, 2024

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP – Get Free Report) declared a monthly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Thursday, August 15th will be paid a dividend of 0.078 per share by the financial services provider on Tuesday, September 3rd. This represents a $0.94 annualized dividend and a dividend yield of 7.41%. The ex-dividend date of this dividend is Thursday, August 15th.

Nuveen Pennsylvania Quality Municipal Income Fund has decreased its dividend payment by an average of 17.6% annually over the last three years.

Nuveen Pennsylvania Quality Municipal Income Fund Price Performance

Shares of NYSE:NQP traded up $0.11 during trading on Friday, hitting $12.63. The company’s stock had a trading volume of 51,659 shares, compared to its average volume of 31,209. The company has a 50-day moving average of $12.13 and a 200-day moving average of $11.84. Nuveen Pennsylvania Quality Municipal Income Fund has a 12 month low of $9.65 and a 12 month high of $12.66.

Insider Transactions at Nuveen Pennsylvania Quality Municipal Income Fund

In other Nuveen Pennsylvania Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. acquired 8,068 shares of the stock in a transaction dated Wednesday, May 15th. The shares were purchased at an average price of $12.00 per share, for a total transaction of $96,816.00. Following the purchase, the insider now directly owns 5,170,599 shares of the company’s stock, valued at $62,047,188. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.

About Nuveen Pennsylvania Quality Municipal Income Fund

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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.