Nuveen Pennsylvania Quality Municipal Income Fund Plans Monthly Dividend of $0.08 (NYSE:NQP)

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) announced a monthly dividend on Monday, March 2nd. Investors of record on Friday, March 13th will be paid a dividend of 0.078 per share by the financial services provider on Wednesday, April 1st. This represents a c) annualized dividend and a yield of 7.8%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

NQP traded down $0.01 during midday trading on Wednesday, reaching $12.00. The company’s stock had a trading volume of 64,677 shares, compared to its average volume of 138,218. The company has a fifty day simple moving average of $11.98 and a 200 day simple moving average of $11.86. Nuveen Pennsylvania Quality Municipal Income Fund has a twelve month low of $10.65 and a twelve month high of $12.23.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE: NQP) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal and Pennsylvania state income taxes. Launched in the early 1980s, the Fund primarily invests in investment-grade municipal securities issued by state and local government entities within Pennsylvania, targeting bonds that finance public infrastructure, healthcare facilities, educational institutions and utility projects.

Under its 80% asset policy, the Fund allocates the majority of its portfolio to bonds rated ‘BBB’ or higher, emphasizing general obligation and revenue-secured municipal debt.