Nuveen Quality Municipal Income Fund (NAD) To Go Ex-Dividend on January 15th

Nuveen Quality Municipal Income Fund (NYSE:NAD) announced a monthly dividend on Friday, January 2nd. Stockholders of record on Thursday, January 15th will be given a dividend of 0.0705 per share by the financial services provider on Monday, February 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.0%. The ex-dividend date is Thursday, January 15th.

Nuveen Quality Municipal Income Fund Trading Down 0.4%

NAD traded down $0.05 on Tuesday, hitting $12.16. 130,691 shares of the company’s stock were exchanged, compared to its average volume of 652,182. Nuveen Quality Municipal Income Fund has a fifty-two week low of $10.40 and a fifty-two week high of $12.28. The firm has a 50-day moving average price of $12.03 and a 200-day moving average price of $11.68.

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.