Nuveen Municipal Income Fund, Inc. (NMI) to Issue Monthly Dividend of $0.04 on December 31st

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) announced a monthly dividend on Monday, December 1st. Shareholders of record on Monday, December 15th will be paid a dividend of 0.038 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 4.6%. The ex-dividend date is Monday, December 15th.

Nuveen Municipal Income Fund Stock Down 0.1%

Shares of NMI traded down $0.01 during midday trading on Friday, hitting $10.01. 13,322 shares of the company traded hands, compared to its average volume of 26,099. The firm has a 50 day moving average of $10.03 and a 200-day moving average of $9.92. Nuveen Municipal Income Fund has a 52 week low of $9.21 and a 52 week high of $10.85.

Institutional Trading of Nuveen Municipal Income Fund

A number of large investors have recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in shares of Nuveen Municipal Income Fund by 34.9% in the third quarter. Jones Financial Companies Lllp now owns 482,554 shares of the company’s stock valued at $4,777,000 after purchasing an additional 124,941 shares in the last quarter. Guggenheim Capital LLC lifted its position in Nuveen Municipal Income Fund by 19.7% during the second quarter. Guggenheim Capital LLC now owns 254,144 shares of the company’s stock valued at $2,554,000 after purchasing an additional 41,852 shares during the last quarter. Osaic Holdings Inc. grew its stake in shares of Nuveen Municipal Income Fund by 74.6% in the 2nd quarter. Osaic Holdings Inc. now owns 35,583 shares of the company’s stock worth $358,000 after buying an additional 15,200 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of Nuveen Municipal Income Fund by 137.8% in the 2nd quarter. Ameriprise Financial Inc. now owns 29,102 shares of the company’s stock worth $292,000 after buying an additional 16,864 shares during the last quarter. Finally, Apollon Financial LLC bought a new stake in shares of Nuveen Municipal Income Fund in the 3rd quarter worth about $169,000. Institutional investors own 16.57% of the company’s stock.

About Nuveen Municipal Income Fund

Nuveen Municipal Income Fund, Inc 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 the United States. The fund primarily invests in municipal obligations issued by state and local government authorities.