Nuveen Pennsylvania Quality Municipal Income Fund (NQP) to Issue Monthly Dividend of $0.08 on February 2nd

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) declared a monthly dividend on Friday, January 2nd. Shareholders of record on Thursday, January 15th will be paid a dividend of 0.078 per share by the financial services provider on Monday, February 2nd. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Thursday, January 15th.

Nuveen Pennsylvania Quality Municipal Income Fund Price Performance

NQP traded up $0.06 during trading on Tuesday, reaching $12.05. The company’s stock had a trading volume of 38,597 shares, compared to its average volume of 105,696. The company’s fifty day moving average price is $12.04 and its 200-day moving average price is $11.60. Nuveen Pennsylvania Quality Municipal Income Fund has a 52-week low of $10.65 and a 52-week high of $12.23.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE: NQP) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal and Pennsylvania state income taxes. Launched in the early 1980s, the Fund primarily invests in investment-grade municipal securities issued by state and local government entities within Pennsylvania, targeting bonds that finance public infrastructure, healthcare facilities, educational institutions and utility projects.

Under its 80% asset policy, the Fund allocates the majority of its portfolio to bonds rated ‘BBB’ or higher, emphasizing general obligation and revenue-secured municipal debt.