Nuveen Municipal Income Fund, Inc. (NMI) To Go Ex-Dividend on June 15th

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) declared a monthly dividend on Monday, June 1st. Stockholders of record on Monday, June 15th will be paid a dividend of 0.038 per share on Wednesday, July 1st. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, June 15th.

Nuveen Municipal Income Fund Trading Down 0.9%

Nuveen Municipal Income Fund stock opened at $10.84 on Wednesday. Nuveen Municipal Income Fund has a 1 year low of $9.62 and a 1 year high of $11.18. The firm’s 50 day moving average price is $10.45 and its 200-day moving average price is $10.17.

Hedge Funds Weigh In On Nuveen Municipal Income Fund

Hedge funds have recently modified their holdings of the stock. Jones Financial Companies Lllp lifted its holdings in shares of Nuveen Municipal Income Fund by 34.9% in the third quarter. Jones Financial Companies Lllp now owns 482,554 shares of the company’s stock worth $4,777,000 after buying an additional 124,941 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Nuveen Municipal Income Fund in the fourth quarter worth $37,000. Raymond James Financial Inc. purchased a new position in shares of Nuveen Municipal Income Fund in the second quarter worth $72,000. Cetera Investment Advisers purchased a new position in shares of Nuveen Municipal Income Fund in the second quarter worth $118,000. Finally, &PARTNERS purchased a new stake in shares of Nuveen Municipal Income Fund in the fourth quarter worth about $137,000. Hedge funds and other institutional investors 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.