Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.038 per share on Monday, February 3rd. This represents a $0.46 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Wednesday, January 15th.
Nuveen Municipal Income Fund has decreased its dividend by an average of 2.6% annually over the last three years.
Nuveen Municipal Income Fund Price Performance
Shares of NMI traded up $0.04 during mid-day trading on Friday, hitting $9.54. 12,757 shares of the company’s stock were exchanged, compared to its average volume of 17,578. Nuveen Municipal Income Fund has a fifty-two week low of $9.11 and a fifty-two week high of $10.30. The business’s 50 day moving average is $9.55 and its two-hundred day moving average is $9.85.
About Nuveen Municipal Income Fund
Nuveen Municipal Income Fund, Inc 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 primarily invests in municipal obligations issued by state and local government authorities.
Recommended Stories
- Five stocks we like better than Nuveen Municipal Income Fund
- Russell 2000 Index, How Investors Use it For Profitable Trading
- Insiders Are Selling, But These 3 Stocks Are Must-Buys
- Consumer Discretionary Stocks Explained
- Rivian Defies Doubters: Delivery Triumph Fuels Stock Surge
- Using the MarketBeat Dividend Yield Calculator
- Hindenburg Short Report Slams Carvana Over Alleged ‘Grift’
Receive News & Ratings for Nuveen Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.
