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

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.038 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen Municipal Income Fund Stock Down 0.7%

Shares of NMI opened at $10.38 on Wednesday. Nuveen Municipal Income Fund has a fifty-two week low of $9.62 and a fifty-two week high of $11.28. The firm’s 50 day moving average price is $10.70 and its 200 day moving average price is $10.51.

Hedge Funds Weigh In On Nuveen Municipal Income Fund

Large investors have recently bought and sold shares of the business. Hennion & Walsh Asset Management Inc. raised its stake in Nuveen Municipal Income Fund by 195.6% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 209,716 shares of the company’s stock valued at $2,311,000 after acquiring an additional 138,770 shares during the last quarter. World Investment Advisors acquired a new stake in Nuveen Municipal Income Fund in the first quarter valued at $2,891,000. Steward Partners Investment Advisory LLC acquired a new stake in Nuveen Municipal Income Fund in the fourth quarter valued at $37,000. Cetera Investment Advisers purchased a new stake in shares of Nuveen Municipal Income Fund during the 2nd quarter worth $118,000. Finally, LPL Financial LLC grew its stake in shares of Nuveen Municipal Income Fund by 10.6% during the 4th quarter. LPL Financial LLC now owns 80,541 shares of the company’s stock worth $800,000 after purchasing an additional 7,727 shares during the period. Hedge funds and other institutional investors own 16.57% of the company’s stock.

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.