Nuveen Quality Municipal Income Fund (NYSE:NAD) Declares $0.07 Monthly Dividend

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be paid a dividend of 0.0705 per share by the financial services provider on Monday, August 3rd. This represents a c) annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Wednesday, July 15th.

Nuveen Quality Municipal Income Fund Price Performance

Nuveen Quality Municipal Income Fund stock opened at $12.09 on Thursday. Nuveen Quality Municipal Income Fund has a 12 month low of $11.04 and a 12 month high of $12.31. The stock has a fifty day simple moving average of $11.83 and a two-hundred day simple moving average of $11.92.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen Quality Municipal Income Fund (NYSE:NAD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds, issued by state and local governments across the United States. By focusing on high-quality issuers, the fund aims to balance income generation with prudent risk management.

Launched in July 2022, NAD is managed by Nuveen Asset Management, a subsidiary of TIAA with decades of experience in municipal bond investing.