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

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Monday, August 3rd. Stockholders of record on Friday, August 14th will be paid a dividend of 0.0705 per share by the financial services provider on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Friday, August 14th.

Nuveen Quality Municipal Income Fund Stock Performance

Shares of NAD stock opened at $11.65 on Tuesday. The company’s fifty day moving average price is $11.87 and its 200-day moving average price is $11.89. Nuveen Quality Municipal Income Fund has a 12 month low of $11.11 and a 12 month high of $12.31.

About Nuveen Quality Municipal Income Fund

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.