Nuveen Quality Municipal Income Fund (NAD) To Go Ex-Dividend on May 15th

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be given a dividend of 0.0705 per share by the financial services provider on Monday, June 1st. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Friday, May 15th.

Nuveen Quality Municipal Income Fund Stock Performance

NYSE NAD traded down $0.05 during trading on Wednesday, hitting $11.86. 193,060 shares of the company’s stock traded hands, compared to its average volume of 731,993. The stock has a fifty day moving average of $11.80 and a two-hundred day moving average of $11.96. Nuveen Quality Municipal Income Fund has a 12-month low of $10.98 and a 12-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.