Nuveen Quality Municipal Income Fund (NYSE:NAD) Announces Monthly Dividend of $0.07

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Friday, May 1st. Shareholders of record on Friday, May 15th will be paid a dividend of 0.0705 per share by the financial services provider on Monday, June 1st. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date is Friday, May 15th.

Nuveen Quality Municipal Income Fund Stock Performance

Shares of Nuveen Quality Municipal Income Fund stock traded down $0.05 during trading on Wednesday, reaching $11.86. 163,708 shares of the stock were exchanged, compared to its average volume of 731,871. The stock’s fifty day moving average is $11.80 and its 200 day moving average is $11.96. Nuveen Quality Municipal Income Fund has a 1 year low of $10.98 and a 1 year high of $12.31.

Nuveen Quality Municipal Income Fund Company Profile

Nuveen Quality Municipal Income Fund (NYSE:NAD) is a closed-end management investment company that seeks to provide shareholders with a high level of current income exempt from federal income taxes. The fund primarily invests in a diversified portfolio of investment-grade municipal securities, including general obligation and revenue bonds, issued by state and local governments across the United States. By focusing on high-quality issuers, the fund aims to balance income generation with prudent risk management.

Launched in July 2022, NAD is managed by Nuveen Asset Management, a subsidiary of TIAA with decades of experience in municipal bond investing.