Nuveen Pennsylvania Quality Municipal Income Fund (NQP) to Issue Monthly Dividend of $0.08 on April 1st

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) announced a monthly dividend on Monday, March 2nd. Investors of record on Friday, March 13th will be given a dividend of 0.078 per share by the financial services provider on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 7.8%. The ex-dividend date is Friday, March 13th.

Nuveen Pennsylvania Quality Municipal Income Fund Trading Up 0.2%

Shares of NQP opened at $11.93 on Wednesday. Nuveen Pennsylvania Quality Municipal Income Fund has a one year low of $10.65 and a one year high of $12.23. The company’s fifty day moving average price is $11.98 and its 200 day moving average price is $11.89.

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.