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

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) announced a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.038 per share on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, August 14th.

Nuveen Municipal Income Fund Price Performance

NMI opened at $10.68 on Tuesday. Nuveen Municipal Income Fund has a 12-month low of $9.62 and a 12-month high of $11.28. The business’s fifty day simple moving average is $10.87 and its 200-day simple moving average is $10.45.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. increased its position in Nuveen Municipal Income Fund by 195.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 209,716 shares of the company’s stock valued at $2,311,000 after purchasing an additional 138,770 shares during the period. Kestra Advisory Services LLC boosted its stake in shares of Nuveen Municipal Income Fund by 118.6% during the first quarter. Kestra Advisory Services LLC now owns 12,024 shares of the company’s stock valued at $126,000 after purchasing an additional 6,524 shares in the last quarter. World Investment Advisors bought a new position in shares of Nuveen Municipal Income Fund during the first quarter valued at approximately $2,891,000. Janney Montgomery Scott LLC increased its holdings in Nuveen Municipal Income Fund by 76.9% during the first quarter. Janney Montgomery Scott LLC now owns 20,783 shares of the company’s stock valued at $217,000 after buying an additional 9,035 shares during the period. Finally, Astoria Portfolio Advisors LLC. purchased a new position in Nuveen Municipal Income Fund during the fourth quarter valued at approximately $116,000. 16.57% of the stock is currently owned by institutional investors.

Nuveen Municipal Income Fund Company Profile

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.