Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP - Get Free Report) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.078 per share by the financial services provider on Tuesday, April 1st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.16%. The ex-dividend date is Friday, March 14th.
Nuveen Pennsylvania Quality Municipal Income Fund has increased its dividend payment by an average of 5.9% annually over the last three years.
Nuveen Pennsylvania Quality Municipal Income Fund Price Performance
Shares of NYSE:NQP traded down $0.09 during midday trading on Friday, reaching $11.47. The company had a trading volume of 95,432 shares, compared to its average volume of 67,800. The business's 50 day moving average price is $11.47 and its 200 day moving average price is $11.91. Nuveen Pennsylvania Quality Municipal Income Fund has a 1-year low of $11.05 and a 1-year high of $12.89.
Insiders Place Their Bets
In other Nuveen Pennsylvania Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. purchased 34,334 shares of the stock in a transaction on Tuesday, December 31st. The shares were purchased at an average price of $11.16 per share, with a total value of $383,167.44. Following the completion of the transaction, the insider now directly owns 5,058,973 shares in the company, valued at $56,458,138.68. This represents a 0.68 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.00% of the company's stock.
Nuveen Pennsylvania Quality Municipal Income Fund Company Profile
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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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