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

Nuveen Quality Municipal Income Fund (NYSE:NAD) declared a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.0705 per share by the financial services provider on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Tuesday, September 15th.

Nuveen Quality Municipal Income Fund Trading Down 0.1%

Shares of Nuveen Quality Municipal Income Fund stock opened at $11.54 on Wednesday. Nuveen Quality Municipal Income Fund has a 52 week low of $11.11 and a 52 week high of $12.31. The company’s 50-day moving average price is $11.82 and its two-hundred day moving average price is $11.84.

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.