Nuveen Premium Income Municipal Fund Inc Announces Monthly Dividend of $0.07 (NPI)
Nuveen Premiumome Municipal Fund (NYSE:NPI) declared a monthly dividend on Monday, March 4th. Shareholders of record on Friday, March 15th will be given a dividend of $0.07 per share on Monday, April 1st. This represents a $0.86 dividend on an annualized basis and a yield of 5.76%. The ex-dividend date of this dividend is Wednesday, March 13th.
On a related note, analysts at BMO Capital Markets raised their price target on shares of Nuveen Premiumome Municipal Fund from $19.00 to $20.00 in a research note to investors on Thursday, January 24th. They now have a “market perform” rating on the stock.
Shares of Nuveen Premiumome Municipal Fund (NPI) traded up 0.33% during mid-day trading on Monday, hitting $15.04. Nuveen Premiumome Municipal Fund (NPI) has a one year low of $13.75 and a one year high of $15.94. The stock’s 50-day moving average is currently $15.36.
Nuveen Premium Income Municipal Fund, Inc. (the Fund) is a closed-end management investment company. The Fund seeks to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain United States territories.
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