Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Declares $0.04 Monthly Dividend

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) announced a monthly dividend on Friday, January 2nd. Investors of record on Thursday, January 15th will be given a dividend of 0.038 per share on Monday, February 2nd. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend is Thursday, January 15th.

Nuveen Municipal Income Fund Stock Down 0.3%

Shares of NMI stock traded down $0.03 during trading hours on Tuesday, hitting $10.10. 7,942 shares of the company were exchanged, compared to its average volume of 21,589. Nuveen Municipal Income Fund has a 52 week low of $9.21 and a 52 week high of $10.85. The business has a 50 day moving average of $10.01 and a two-hundred day moving average of $9.95.

Nuveen Municipal Income Fund Company Profile

Nuveen Municipal Income Fund (NYSE: NMI) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The fund primarily invests in municipal obligations issued by U.S. states, territories and municipalities, as well as certain municipal securities issued outside the United States. By focusing on a diversified portfolio of investment-grade and select below-investment-grade municipal bonds, NMI aims to deliver tax-advantaged income to its shareholders.

The fund’s portfolio typically includes general obligation bonds, revenue bonds and other municipal securities across a broad range of sectors, including transportation, utilities, health care and education.