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

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) declared a monthly dividend on Monday, March 2nd. Stockholders of record on Friday, March 13th will be given a dividend of 0.038 per share on Wednesday, April 1st. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen Municipal Income Fund Price Performance

NMI traded up $0.01 during trading hours on Wednesday, hitting $9.96. 8,402 shares of the company’s stock were exchanged, compared to its average volume of 38,858. Nuveen Municipal Income Fund has a 12-month low of $9.21 and a 12-month high of $10.85. The firm has a 50 day moving average of $10.05 and a 200 day moving average of $9.99.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of NMI. Steward Partners Investment Advisory LLC purchased a new position in Nuveen Municipal Income Fund in the fourth quarter worth approximately $37,000. Raymond James Financial Inc. acquired a new position in shares of Nuveen Municipal Income Fund in the 2nd quarter valued at $72,000. Astoria Portfolio Advisors LLC. purchased a new position in shares of Nuveen Municipal Income Fund during the fourth quarter worth about $116,000. Community Bank & Trust Waco Texas acquired a new position in Nuveen Municipal Income Fund during the third quarter worth approximately $117,000. Finally, Cetera Investment Advisers purchased a new stake in Nuveen Municipal Income Fund in the 2nd quarter valued at $118,000. 16.57% of the stock is owned by institutional investors and hedge funds.

About Nuveen Municipal Income Fund

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.