Nuveen Quality Municipal Income Fund (NYSE:NAD) Announces Dividend Increase – $0.08 Per Share

Nuveen Quality Municipal Income Fund (NYSE:NAD) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.0755 per share by the financial services provider on Monday, December 2nd. This represents a $0.91 dividend on an annualized basis and a dividend yield of 7.52%. The ex-dividend date of this dividend is Friday, November 15th. This is a boost from Nuveen Quality Municipal Income Fund’s previous monthly dividend of $0.08.

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

Nuveen Quality Municipal Income Fund Stock Performance

Shares of NYSE NAD traded up $0.03 during midday trading on Wednesday, reaching $12.05. The stock had a trading volume of 361,474 shares, compared to its average volume of 682,238. Nuveen Quality Municipal Income Fund has a 12-month low of $10.56 and a 12-month high of $12.47. The stock has a 50-day moving average of $12.16 and a 200-day moving average of $11.83.

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.