Nuveen AMT-Free Quality Municipal Income Fund to Issue Monthly Dividend of $0.05 (NYSE:NEA)

Nuveen AMT-Free Quality Municipal Income Fund (NYSE:NEA) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.051 per share on Monday, June 3rd. This represents a $0.61 annualized dividend and a dividend yield of 5.70%. The ex-dividend date is Tuesday, May 14th.

Nuveen AMT-Free Quality Municipal Income Fund Trading Up 0.6 %

Shares of NEA stock traded up $0.06 during trading hours on Friday, hitting $10.74. 1,212,376 shares of the company’s stock were exchanged, compared to its average volume of 724,321. The firm has a 50 day moving average of $10.88 and a two-hundred day moving average of $10.69. Nuveen AMT-Free Quality Municipal Income Fund has a fifty-two week low of $9.20 and a fifty-two week high of $11.23.

Insider Activity at Nuveen AMT-Free Quality Municipal Income Fund

In other news, VP David J. Lamb acquired 6,000 shares of Nuveen AMT-Free Quality Municipal Income Fund stock in a transaction that occurred on Wednesday, March 27th. The stock was purchased at an average cost of $11.04 per share, with a total value of $66,240.00. Following the purchase, the vice president now owns 6,000 shares in the company, valued at $66,240. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Nuveen AMT-Free Quality Municipal Income Fund Company Profile

Nuveen AMT-Free Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of the United States. The fund primarily invests in undervalued municipal bonds that are exempt from federal income taxes, including the alternative minimum tax.