Nuveen Pennsylvania Quality Municipal Income Fund (NQP) to Issue Monthly Dividend of $0.08 on May 1st

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) announced a monthly dividend on Wednesday, April 1st. Shareholders of record on Wednesday, April 15th will be paid a dividend of 0.078 per share by the financial services provider on Friday, May 1st. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Wednesday, April 15th.

Nuveen Pennsylvania Quality Municipal Income Fund Price Performance

NYSE NQP traded down $0.01 during trading hours on Monday, hitting $12.11. The company had a trading volume of 10,823 shares, compared to its average volume of 135,290. Nuveen Pennsylvania Quality Municipal Income Fund has a fifty-two week low of $10.72 and a fifty-two week high of $12.23. The business has a fifty day simple moving average of $11.94 and a 200-day simple moving average of $12.00.

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.