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

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) announced a monthly dividend on Monday, August 3rd. Shareholders of record on Friday, August 14th will be paid a dividend of 0.038 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Friday, August 14th.

Nuveen Municipal Income Fund Price Performance

NMI opened at $10.68 on Tuesday. Nuveen Municipal Income Fund has a 12 month low of $9.62 and a 12 month high of $11.28. The stock has a fifty day moving average price of $10.87 and a 200-day moving average price of $10.45.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. World Investment Advisors purchased a new position in Nuveen Municipal Income Fund during the first quarter valued at approximately $2,891,000. Hennion & Walsh Asset Management Inc. boosted its position in Nuveen Municipal Income Fund by 195.6% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 209,716 shares of the company’s stock worth $2,311,000 after purchasing an additional 138,770 shares in the last quarter. Truist Financial Corp acquired a new stake in shares of Nuveen Municipal Income Fund during the 4th quarter worth approximately $261,000. Ameriprise Financial Inc. increased its holdings in shares of Nuveen Municipal Income Fund by 137.8% during the 2nd quarter. Ameriprise Financial Inc. now owns 29,102 shares of the company’s stock valued at $292,000 after purchasing an additional 16,864 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its holdings in Nuveen Municipal Income Fund by 74.6% during the second quarter. Osaic Holdings Inc. now owns 35,583 shares of the company’s stock worth $358,000 after buying an additional 15,200 shares in the last quarter. 16.57% of the stock is currently owned by institutional investors and hedge funds.

Nuveen Municipal Income Fund Company Profile

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.