Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.038 per share on Monday, December 2nd. This represents a $0.46 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Friday, November 15th.
Nuveen Municipal Income Fund has decreased its dividend payment by an average of 2.6% annually over the last three years.
Nuveen Municipal Income Fund Stock Performance
Shares of NMI stock traded up $0.02 on Wednesday, hitting $9.65. The company had a trading volume of 19,781 shares, compared to its average volume of 25,658. The company has a 50-day moving average price of $9.95 and a 200-day moving average price of $9.81. Nuveen Municipal Income Fund has a twelve month low of $8.75 and a twelve month high of $10.30.
About Nuveen Municipal Income Fund
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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