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

Nuveen Quality Municipal Income Fund (NYSE:NAD) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.0705 per share by the financial services provider on Thursday, October 1st. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Tuesday, September 15th.

Nuveen Quality Municipal Income Fund Price Performance

NYSE NAD traded down $0.01 during trading hours on Wednesday, reaching $11.54. The company’s stock had a trading volume of 94,414 shares, compared to its average volume of 668,767. The company’s 50-day moving average is $11.82 and its two-hundred day moving average is $11.84. Nuveen Quality Municipal Income Fund has a fifty-two week low of $11.11 and a fifty-two week high of $12.31.

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.