Nuveen AMT-Free Municipal Credit Income (NYSE:NVG) Declares Dividend Increase – $0.07 Per Share

Nuveen AMT-Free Municipal Credit Income (NYSE:NVG) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 13th will be paid a dividend of 0.0682 per share on Tuesday, December 31st. This represents a $0.82 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend is Thursday, December 12th. This is a boost from Nuveen AMT-Free Municipal Credit Income’s previous monthly dividend of $0.05.

NYSE:NVG traded up $0.01 during trading hours on Wednesday, reaching $16.22. The company’s stock had a trading volume of 339,386 shares, compared to its average volume of 375,581. Nuveen AMT-Free Municipal Credit Income has a one year low of $13.35 and a one year high of $17.02. The business’s 50-day moving average is $16.33 and its 200-day moving average is $16.26.

About Nuveen AMT-Free Municipal Credit Income

Nuveen AMT-Free Municipal Credit Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund invests in undervalued municipal securities and other related investments exempt from regular federal income taxes that are rated Baa/BBB or better by S&P, Moody's, or Fitch, and that have an average maturity of 17.02 years.

Read More: Understanding dividend yield and dividend payout ratio

Dividend History for Nuveen AMT-Free Municipal Credit Income (NYSE:NVG)

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