Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP - Get Free Report) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.078 per share by the financial services provider on Monday, February 3rd. This represents a $0.94 annualized dividend and a dividend yield of 8.21%. The ex-dividend date is Wednesday, January 15th.
Nuveen Pennsylvania Quality Municipal Income Fund has decreased its dividend by an average of 17.6% annually over the last three years.
Nuveen Pennsylvania Quality Municipal Income Fund Price Performance
NQP stock traded up $0.06 during midday trading on Friday, reaching $11.40. The company's stock had a trading volume of 110,838 shares, compared to its average volume of 95,919. The business's 50-day simple moving average is $11.71 and its 200-day simple moving average is $12.16. Nuveen Pennsylvania Quality Municipal Income Fund has a 52 week low of $11.05 and a 52 week high of $12.89.
Insider Transactions at Nuveen Pennsylvania Quality Municipal Income Fund
In related news, major shareholder Saba Capital Management, L.P. purchased 34,334 shares of the stock in a transaction dated Tuesday, December 31st. The stock was bought at an average cost of $11.16 per share, with a total value of $383,167.44. Following the purchase, the insider now directly owns 5,058,973 shares in the company, valued at $56,458,138.68. The trade was a 0.68 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 143,260 shares of company stock worth $1,702,067 in the last three months. 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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