Nuveen Quality Municipal Income Fund (NYSE:NAD) to Issue Monthly Dividend of $0.07

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

Nuveen Quality Municipal Income Fund Stock Down 0.5%

Shares of NAD opened at $11.88 on Tuesday. The firm’s 50-day moving average price is $11.70 and its 200-day moving average price is $11.94. Nuveen Quality Municipal Income Fund has a 1-year low of $11.04 and a 1-year high of $12.31.

Nuveen Quality Municipal Income Fund Company Profile

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.