Nuveen Municipal Income Fund, Inc. Plans Monthly Dividend of $0.04 (NYSE:NMI)

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) announced a monthly dividend on Monday, February 2nd. Shareholders of record on Friday, February 13th will be given a dividend of 0.038 per share on Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen Municipal Income Fund Stock Performance

NYSE NMI traded up $0.03 during trading on Tuesday, hitting $10.00. The company’s stock had a trading volume of 3,871 shares, compared to its average volume of 28,543. Nuveen Municipal Income Fund has a 52 week low of $9.21 and a 52 week high of $10.85. The firm has a 50 day moving average price of $10.01 and a 200 day moving average price of $9.95.

Institutional Trading of Nuveen Municipal Income Fund

A number of hedge funds have recently bought and sold shares of NMI. Raymond James Financial Inc. acquired a new stake in Nuveen Municipal Income Fund in the 2nd quarter worth $72,000. Cetera Investment Advisers bought a new stake in shares of Nuveen Municipal Income Fund in the second quarter valued at about $118,000. Community Bank & Trust Waco Texas acquired a new stake in Nuveen Municipal Income Fund during the third quarter worth about $117,000. Osaic Holdings Inc. grew its position in Nuveen Municipal Income Fund by 74.6% during the second 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. Finally, Ameriprise Financial Inc. increased its stake in Nuveen Municipal Income Fund by 137.8% during the second quarter. Ameriprise Financial Inc. now owns 29,102 shares of the company’s stock valued at $292,000 after acquiring an additional 16,864 shares during the period. 16.57% of the stock is owned by institutional investors.

About Nuveen Municipal Income Fund

Nuveen Municipal Income Fund (NYSE: NMI) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The fund primarily invests in municipal obligations issued by U.S. states, territories and municipalities, as well as certain municipal securities issued outside the United States. By focusing on a diversified portfolio of investment-grade and select below-investment-grade municipal bonds, NMI aims to deliver tax-advantaged income to its shareholders.

The fund’s portfolio typically includes general obligation bonds, revenue bonds and other municipal securities across a broad range of sectors, including transportation, utilities, health care and education.