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

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be given a dividend of 0.038 per share on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Thursday, January 15th.

Nuveen Municipal Income Fund Price Performance

Shares of NMI stock traded down $0.03 during trading hours on Tuesday, hitting $10.10. 7,910 shares of the company’s stock were exchanged, compared to its average volume of 21,051. The stock’s 50-day moving average is $10.01 and its 200-day moving average is $9.95. Nuveen Municipal Income Fund has a 52 week low of $9.21 and a 52 week high of $10.85.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Harbor Investment Advisory LLC acquired a new stake in Nuveen Municipal Income Fund in the second quarter worth $30,000. Osaic Holdings Inc. raised its stake in Nuveen Municipal Income Fund by 74.6% during the 2nd quarter. Osaic Holdings Inc. now owns 35,583 shares of the company’s stock worth $358,000 after buying an additional 15,200 shares during the period. Ameriprise Financial Inc. grew its stake in Nuveen Municipal Income Fund by 137.8% in the second quarter. Ameriprise Financial Inc. now owns 29,102 shares of the company’s stock valued at $292,000 after acquiring an additional 16,864 shares during the period. Cetera Investment Advisers bought a new stake in shares of Nuveen Municipal Income Fund in the second quarter worth about $118,000. Finally, Raymond James Financial Inc. acquired a new position in Nuveen Municipal Income Fund during the 2nd quarter worth approximately $72,000. Institutional investors and hedge funds own 16.57% of the company’s stock.

About Nuveen Municipal Income Fund

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.