Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be paid a dividend of 0.038 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Tuesday, September 15th.
Nuveen Municipal Income Fund Trading Up 0.4%
Shares of Nuveen Municipal Income Fund stock traded up $0.05 during trading on Wednesday, reaching $10.50. The company’s stock had a trading volume of 2,208 shares, compared to its average volume of 28,937. The business’s 50-day moving average price is $10.70 and its 200-day moving average price is $10.51. Nuveen Municipal Income Fund has a 52 week low of $9.62 and a 52 week high of $11.28.
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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