Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Announces Monthly Dividend of $0.08

Posted by Jeff Wilder on Nov 14th, 2024

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ – Get Free Report) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be paid a dividend of 0.0785 per share on Monday, December 2nd. This represents a $0.94 dividend on an annualized basis and a yield of 7.60%. The ex-dividend date is Friday, November 15th.

Nuveen New Jersey Quality Municipal Income Fund Stock Performance

Nuveen New Jersey Quality Municipal Income Fund stock traded up $0.03 during mid-day trading on Thursday, hitting $12.40. The company’s stock had a trading volume of 807 shares, compared to its average volume of 75,367. Nuveen New Jersey Quality Municipal Income Fund has a one year low of $10.95 and a one year high of $13.13. The company has a 50 day moving average of $12.79 and a 200-day moving average of $12.44.

Insider Activity

In other Nuveen New Jersey Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. sold 5,400 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $12.54, for a total transaction of $67,716.00. Following the transaction, the insider now directly owns 5,934,954 shares in the company, valued at $74,424,323.16. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last quarter, insiders sold 90,512 shares of company stock valued at $1,133,260.

Nuveen New Jersey Quality Municipal Income Fund Company Profile

(Get Free Report)

Nuveen New Jersey 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 New Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better.