Nuveen Municipal Income Fund, Inc. (NMI) To Go Ex-Dividend on July 15th

Nuveen Municipal Income Fund, Inc. (NYSE:NMIGet Free Report) declared a monthly dividend on Wednesday, July 1st. Investors of record on Wednesday, July 15th will be paid a dividend of 0.038 per share on Monday, August 3rd. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen Municipal Income Fund Stock Performance

Shares of NYSE NMI opened at $10.82 on Monday. Nuveen Municipal Income Fund has a 12-month low of $9.62 and a 12-month high of $11.28. The firm’s 50-day simple moving average is $10.80 and its 200 day simple moving average is $10.36.

Hedge Funds Weigh In On Nuveen Municipal Income Fund

A number of large investors have recently modified their holdings of NMI. World Investment Advisors acquired a new stake in shares of Nuveen Municipal Income Fund in the first quarter valued at approximately $2,891,000. Hennion & Walsh Asset Management Inc. raised its position in Nuveen Municipal Income Fund by 195.6% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 209,716 shares of the company’s stock worth $2,311,000 after purchasing an additional 138,770 shares during the last quarter. LPL Financial LLC lifted its holdings in Nuveen Municipal Income Fund by 10.6% during the 4th quarter. LPL Financial LLC now owns 80,541 shares of the company’s stock worth $800,000 after buying an additional 7,727 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in Nuveen Municipal Income Fund by 74.6% during the 2nd quarter. Osaic Holdings Inc. now owns 35,583 shares of the company’s stock worth $358,000 after buying an additional 15,200 shares in the last quarter. Finally, Commonwealth Equity Services LLC boosted its position in Nuveen Municipal Income Fund by 8.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 33,081 shares of the company’s stock valued at $328,000 after buying an additional 2,665 shares during the last quarter. 16.57% of the stock is currently owned by institutional investors and hedge funds.

About Nuveen Municipal Income Fund

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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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Dividend History for Nuveen Municipal Income Fund (NYSE:NMI)

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