Nuveen Municipal Income Fund, Inc. Announces Monthly Dividend of $0.04 (NYSE:NMI)

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) declared a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.036 per share on Monday, June 3rd. This represents a $0.43 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend is Tuesday, May 14th.

Nuveen Municipal Income Fund has decreased its dividend payment by an average of 2.6% per year over the last three years.

Nuveen Municipal Income Fund Trading Up 0.8 %

NMI stock traded up $0.07 on Friday, reaching $9.29. 16,860 shares of the company were exchanged, compared to its average volume of 25,493. Nuveen Municipal Income Fund has a 12 month low of $8.30 and a 12 month high of $10.05. The stock’s fifty day moving average price is $9.26 and its 200 day moving average price is $9.11.

About Nuveen Municipal Income Fund

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.