Nuveen Quality Municipal Income Fund Plans Monthly Dividend of $0.07 (NYSE:NAD)

by · The Cerbat Gem

Nuveen Quality Municipal Income Fund (NYSE:NAD – Get Free Report) announced a monthly dividend on Friday, January 2nd. Shareholders of record on Thursday, January 15th will be given a dividend of 0.0705 per share by the financial services provider on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date is Thursday, January 15th.

Nuveen Quality Municipal Income Fund Stock Up 0.1%

Shares of NYSE NAD opened at $12.20 on Tuesday. The business has a 50-day moving average of $12.03 and a two-hundred day moving average of $11.68. Nuveen Quality Municipal Income Fund has a 1 year low of $10.40 and a 1 year high of $12.28.

Nuveen Quality Municipal Income Fund Company Profile

(Get Free Report)

Nuveen Quality Municipal Income Fund (NYSE:NAD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds, issued by state and local governments across the United States. By focusing on high-quality issuers, the fund aims to balance income generation with prudent risk management.

Launched in July 2022, NAD is managed by Nuveen Asset Management, a subsidiary of TIAA with decades of experience in municipal bond investing.

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