Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) to Issue $0.04 Monthly Dividend

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Investors of record on Wednesday, May 15th will be given a dividend of 0.0425 per share by the investment management company on Monday, June 3rd. This represents a $0.51 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Tuesday, May 14th.

Nuveen Arizona Quality Municipal Income Fund has decreased its dividend payment by an average of 11.4% per year over the last three years.

Nuveen Arizona Quality Municipal Income Fund Stock Performance

Nuveen Arizona Quality Municipal Income Fund stock traded up $0.06 during trading on Friday, reaching $10.69. 12,968 shares of the company were exchanged, compared to its average volume of 16,972. The stock’s 50 day simple moving average is $10.83 and its two-hundred day simple moving average is $10.57. Nuveen Arizona Quality Municipal Income Fund has a 52-week low of $9.22 and a 52-week high of $11.07.

About Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years.