Nuveen Quality Municipal Income Fund (NAD) to Issue Monthly Dividend of $0.07 on June 1st

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

Nuveen Quality Municipal Income Fund Trading Down 0.4%

Shares of Nuveen Quality Municipal Income Fund stock traded down $0.04 during trading hours on Wednesday, reaching $11.86. The company’s stock had a trading volume of 204,769 shares, compared to its average volume of 732,357. The company’s 50 day simple moving average is $11.80 and its 200 day simple moving average is $11.96. Nuveen Quality Municipal Income Fund has a one year low of $10.98 and a one year high of $12.31.

About Nuveen Quality Municipal Income Fund

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.