Nuveen Municipal Income Fund, Inc. Declares Monthly Dividend of $0.04 (NYSE:NMI)

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) declared a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be given a dividend of 0.038 per share on Thursday, May 1st. This represents a $0.46 dividend on an annualized basis and a yield of 4.62%. The ex-dividend date of this dividend is Tuesday, April 15th.

Nuveen Municipal Income Fund has increased its dividend by an average of 6.6% per year over the last three years.

Nuveen Municipal Income Fund Stock Down 0.2 %

Shares of NMI stock traded down $0.02 on Thursday, reaching $9.87. 19,837 shares of the company were exchanged, compared to its average volume of 25,953. Nuveen Municipal Income Fund has a 1 year low of $9.11 and a 1 year high of $10.30. The business has a 50-day moving average price of $9.83 and a 200 day moving average price of $9.75.

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.