Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP - Get Free Report) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Investors 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 dividend on an annualized basis and a yield of 8.00%. The ex-dividend date is Friday, February 14th.
Nuveen Pennsylvania Quality Municipal Income Fund has raised its dividend payment by an average of 5.9% per year over the last three years.
Nuveen Pennsylvania Quality Municipal Income Fund Trading Down 0.3 %
NQP traded down $0.03 during trading on Friday, reaching $11.70. The company had a trading volume of 18,270 shares, compared to its average volume of 80,484. The firm's 50-day simple moving average is $11.49 and its 200 day simple moving average is $12.01. Nuveen Pennsylvania Quality Municipal Income Fund has a 12-month low of $11.05 and a 12-month high of $12.89.
Insider Activity at Nuveen Pennsylvania Quality Municipal Income Fund
In other news, major shareholder Saba Capital Management, L.P. purchased 34,334 shares of the stock in a transaction that occurred on Tuesday, December 31st. The stock was acquired at an average price of $11.16 per share, with a total value of $383,167.44. Following the purchase, the insider now owns 5,058,973 shares in the company, valued at $56,458,138.68. This represents a 0.68 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.00% of the stock is currently owned by company insiders.
About Nuveen Pennsylvania Quality Municipal Income Fund
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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.
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