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Nuveen Massachusetts Quality Municipal Income Fund Announces Monthly Dividend of $0.06 (NYSE:NMT)

Key Points

  • The Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) announced a monthly dividend of $0.06 per share, with payment scheduled for October 1st to shareholders of record as of September 15th.
  • As of the announcement, NMT shares traded down 1.1% to $11.39, with a trading volume of 18,409 shares.
  • The fund primarily invests in undervalued municipal securities exempt from federal and Massachusetts income taxes, making it a fixed-income investment option in the state's markets.
  • Five stocks to consider instead of Nuveen Massachusetts Quality Municipal Income Fund.

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT - Get Free Report) announced a monthly dividend on Wednesday, September 3rd, Wall Street Journal reports. Shareholders of record on Monday, September 15th will be paid a dividend of 0.064 per share by the financial services provider on Wednesday, October 1st. This represents a c) dividend on an annualized basis and a yield of 6.7%. The ex-dividend date is Monday, September 15th.

Nuveen Massachusetts Quality Municipal Income Fund Stock Down 1.1%

Shares of NMT traded down $0.13 during trading hours on Wednesday, hitting $11.39. The stock had a trading volume of 18,409 shares, compared to its average volume of 19,091. The company's fifty day moving average is $11.45 and its two-hundred day moving average is $11.67. Nuveen Massachusetts Quality Municipal Income Fund has a 52 week low of $10.90 and a 52 week high of $12.33.

Nuveen Massachusetts Quality Municipal Income Fund Company Profile

(Get Free Report)

Nuveen Massachusetts 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 Massachusetts, United States. The fund primarily invests in undervalued municipal securities and other related investments which are exempt from regular federal and Massachusetts income taxes.

See Also

Dividend History for Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT)

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