Nuveen Municipal Income Fund Inc. (NYSE:NMI) 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 0.0717 per share on Tuesday, December 31st. This represents a $0.86 annualized dividend and a dividend yield of 7.53%. The ex-dividend date is Thursday, December 12th. This is a boost from Nuveen Municipal Income Fund’s previous monthly dividend of $0.04.
NYSE:NMI traded up $0.08 during trading hours on Wednesday, hitting $11.42. The company had a trading volume of 9,781 shares, compared to its average volume of 13,579. The company has a 50-day moving average of $11.33 and a 200 day moving average of $11.34. Nuveen Municipal Income Fund has a 1 year low of $9.95 and a 1 year high of $12.00.
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