Nuveen Municipal Income Fund Inc. (NYSE:NMI) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 13th will be paid a dividend of 0.0717 per share on Tuesday, December 31st. This represents a $0.86 annualized dividend and a yield of 7.51%. The ex-dividend date is Thursday, December 12th. This is a boost from Nuveen Municipal Income Fund’s previous monthly dividend of $0.04.
Shares of NMI traded up $0.03 during trading hours on Thursday, reaching $11.45. The company’s stock had a trading volume of 3,687 shares, compared to its average volume of 13,579. The company has a 50 day moving average of $11.33 and a two-hundred day moving average of $11.34. Nuveen Municipal Income Fund has a 1-year low of $9.95 and a 1-year high of $12.00.
Nuveen Municipal Income Fund Company Profile
Nuveen Municipal Income Fund, Inc is a closed ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations issued by state and local government authorities.
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