Nuveen New Jersey Quality Municipal Income Fund to Issue Monthly Dividend of $0.08 (NYSE:NXJ)

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.0785 per share on Monday, March 3rd. This represents a $0.94 annualized dividend and a yield of 7.71%. The ex-dividend date of this dividend is Friday, February 14th.

Nuveen New Jersey Quality Municipal Income Fund Stock Performance

Shares of Nuveen New Jersey Quality Municipal Income Fund stock opened at $12.21 on Wednesday. Nuveen New Jersey Quality Municipal Income Fund has a 1 year low of $11.45 and a 1 year high of $13.13. The firm’s 50-day simple moving average is $12.16 and its 200-day simple moving average is $12.50.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 64,749 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $12.69, for a total transaction of $821,664.81. Following the completion of the sale, the insider now owns 5,507,193 shares of the company’s stock, valued at $69,886,279.17. This represents a 1.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 715,415 shares of company stock valued at $8,789,866 in the last quarter.

Nuveen New Jersey Quality Municipal Income Fund Company Profile

Nuveen New Jersey 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 New Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better.