Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) declared a monthly dividend on Friday, May 1st. Stockholders of record on Friday, May 15th will be given a dividend of 0.038 per share on Monday, June 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Friday, May 15th.
Nuveen Municipal Income Fund Trading Up 2.2%
Shares of NYSE:NMI traded up $0.23 during trading on Wednesday, reaching $10.71. The stock had a trading volume of 5,118 shares, compared to its average volume of 36,903. Nuveen Municipal Income Fund has a 52 week low of $9.61 and a 52 week high of $11.18. The stock has a fifty day simple moving average of $10.24 and a two-hundred day simple moving average of $10.11.
Nuveen Municipal Income Fund Company Profile
Nuveen Municipal Income Fund (NYSE: NMI) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The fund primarily invests in municipal obligations issued by U.S. states, territories and municipalities, as well as certain municipal securities issued outside the United States. By focusing on a diversified portfolio of investment-grade and select below-investment-grade municipal bonds, NMI aims to deliver tax-advantaged income to its shareholders.
The fund’s portfolio typically includes general obligation bonds, revenue bonds and other municipal securities across a broad range of sectors, including transportation, utilities, health care and education.
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