Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Get Free Report) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Stockholders 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 dividend yield of 4.81%. The ex-dividend date is Tuesday, April 15th.
Nuveen Municipal Income Fund has raised its dividend payment by an average of 6.6% per year over the last three years.
Nuveen Municipal Income Fund Price Performance
NMI traded down $0.16 during mid-day trading on Tuesday, hitting $9.48. 23,883 shares of the stock were exchanged, compared to its average volume of 26,032. The firm's fifty day moving average is $9.83 and its two-hundred day moving average is $9.73. Nuveen Municipal Income Fund has a 1-year low of $9.11 and a 1-year high of $10.30.
Nuveen Municipal Income Fund Company Profile
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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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