Nuveen Pennsylvania Quality Municipal Income Fund Announces Monthly Dividend of $0.08 (NYSE:NQP)

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) announced a monthly dividend on Monday, February 2nd. Stockholders of record on Friday, February 13th will be given a dividend of 0.078 per share by the financial services provider on Monday, March 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.8%. The ex-dividend date of this dividend is Friday, February 13th.

Nuveen Pennsylvania Quality Municipal Income Fund Price Performance

NQP traded up $0.02 during trading on Tuesday, hitting $11.99. 64,509 shares of the company’s stock were exchanged, compared to its average volume of 120,772. Nuveen Pennsylvania Quality Municipal Income Fund has a 1 year low of $10.65 and a 1 year high of $12.23. The stock has a 50 day moving average price of $12.00 and a 200 day moving average price of $11.69.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE: NQP) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal and Pennsylvania state income taxes. Launched in the early 1980s, the Fund primarily invests in investment-grade municipal securities issued by state and local government entities within Pennsylvania, targeting bonds that finance public infrastructure, healthcare facilities, educational institutions and utility projects.

Under its 80% asset policy, the Fund allocates the majority of its portfolio to bonds rated ‘BBB’ or higher, emphasizing general obligation and revenue-secured municipal debt.