Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.038 per share on Monday, February 3rd. This represents a $0.46 annualized dividend and a dividend yield of 4.78%. The ex-dividend date is Wednesday, January 15th.
Nuveen Municipal Income Fund has decreased its dividend by an average of 2.6% annually over the last three years.
Nuveen Municipal Income Fund Price Performance
NMI stock opened at $9.54 on Friday. The business’s 50-day moving average is $9.55 and its two-hundred day moving average is $9.85. Nuveen Municipal Income Fund has a fifty-two week low of $9.11 and a fifty-two week high of $10.30.
Nuveen Municipal Income Fund Company Profile
Nuveen Municipal Income Fund, Inc is a closed ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in municipal obligations issued by state and local government authorities.
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