Nuveen New Jersey Dividend Advantg Mncpl (NXJ) to Issue Monthly Dividend of $0.05 on October 1st
Nuveen New Jersey Dividend Advantg Mncpl (NYSE:NXJ) declared a monthly dividend on Wednesday, September 5th, Wall Street Journal reports. Investors of record on Friday, September 14th will be paid a dividend of 0.0545 per share on Monday, October 1st. This represents a $0.65 dividend on an annualized basis and a yield of 5.00%. The ex-dividend date is Thursday, September 13th. This is an increase from Nuveen New Jersey Dividend Advantg Mncpl’s previous monthly dividend of $0.05.
Nuveen New Jersey Dividend Advantg Mncpl has raised its dividend by an average of 1.0% annually over the last three years.
Nuveen New Jersey Dividend Advantg Mncpl stock traded up $0.03 during midday trading on Wednesday, reaching $13.10. 21,525 shares of the stock traded hands, compared to its average volume of 81,203. Nuveen New Jersey Dividend Advantg Mncpl has a 12 month low of $12.86 and a 12 month high of $14.04.
Nuveen New Jersey Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better.
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