Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Plans $0.08 Monthly Dividend

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.078 per share by the financial services provider on Monday, February 3rd. This represents a $0.94 annualized dividend and a dividend yield of 8.31%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen Pennsylvania Quality Municipal Income Fund has raised its dividend by an average of 3.6% per year over the last three years.

Nuveen Pennsylvania Quality Municipal Income Fund Trading Down 0.6 %

Shares of NYSE:NQP opened at $11.26 on Monday. The stock has a fifty day simple moving average of $11.66 and a two-hundred day simple moving average of $12.13. Nuveen Pennsylvania Quality Municipal Income Fund has a 12-month low of $11.05 and a 12-month high of $12.89.

Insider Activity

In other Nuveen Pennsylvania Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. sold 16,500 shares of Nuveen Pennsylvania Quality Municipal Income Fund stock in a transaction on Friday, October 25th. The stock was sold at an average price of $11.97, for a total value of $197,505.00. Following the completion of the sale, the insider now owns 5,154,099 shares of the company’s stock, valued at approximately $61,694,565.03. This trade represents a 0.32 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders sold 143,260 shares of company stock worth $1,702,067 over the last three months. 1.00% of the stock is currently owned by corporate insiders.

About Nuveen Pennsylvania Quality Municipal Income Fund

Nuveen Pennsylvania Quality Municipal Income Fund 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 Pennsylvania. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.