Nuveen Pennsylvania Quality Municipal Income Fund (NQP) to Issue Monthly Dividend of $0.08 on March 3rd

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.078 per share by the financial services provider on Monday, March 3rd. This represents a $0.94 annualized dividend and a dividend yield of 7.99%. The ex-dividend date of this dividend is Friday, February 14th.

Nuveen Pennsylvania Quality Municipal Income Fund has increased its dividend payment by an average of 5.9% per year over the last three years.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

Shares of NQP opened at $11.72 on Wednesday. Nuveen Pennsylvania Quality Municipal Income Fund has a 12 month low of $11.05 and a 12 month high of $12.89. The firm has a fifty day simple moving average of $11.47 and a 200 day simple moving average of $12.00.

Insider Buying and Selling at Nuveen Pennsylvania Quality Municipal Income Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 34,334 shares of the firm’s stock in a transaction dated Tuesday, December 31st. The stock was bought at an average price of $11.16 per share, with a total value of $383,167.44. Following the transaction, the insider now directly owns 5,058,973 shares in the company, valued at approximately $56,458,138.68. The trade was a 0.68 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.00% of the company’s stock.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

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.