Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Plans $0.04 Monthly Dividend

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) announced a monthly dividend on Wednesday, July 1st. Stockholders of record on Wednesday, July 15th will be given a dividend of 0.038 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, July 15th.

Nuveen Municipal Income Fund Stock Down 0.3%

Shares of NMI stock opened at $10.98 on Thursday. The company has a 50-day simple moving average of $10.74 and a 200 day simple moving average of $10.32. 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.