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

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, March 2nd. Stockholders of record on Friday, March 13th will be given a dividend of 0.0705 per share by the financial services provider on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Friday, March 13th.

Nuveen Quality Municipal Income Fund Stock Down 0.7%

Shares of Nuveen Quality Municipal Income Fund stock traded down $0.09 during trading on Wednesday, hitting $12.16. 201,553 shares of the stock traded hands, compared to its average volume of 680,551. The company has a fifty day moving average price of $12.10 and a two-hundred day moving average price of $11.90. Nuveen Quality Municipal Income Fund has a twelve month low of $10.40 and a twelve month high of $12.31.

About Nuveen Quality Municipal Income Fund

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.