Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) to Issue Monthly Dividend of $0.07

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT - Get Free Report) announced a monthly dividend on Thursday, July 3rd, Wall Street Journal reports. Investors of record on Tuesday, July 15th will be paid a dividend of 0.071 per share by the financial services provider on Friday, August 1st. This represents a $0.85 dividend on an annualized basis and a yield of 7.24%. The ex-dividend date of this dividend is Tuesday, July 15th.

Nuveen Massachusetts Quality Municipal Income Fund Stock Performance

NMT stock remained flat at $11.76 during midday trading on Friday. 8,399 shares of the company's stock traded hands, compared to its average volume of 23,884. The business has a 50-day moving average price of $11.85 and a 200-day moving average price of $11.71. Nuveen Massachusetts Quality Municipal Income Fund has a 12-month low of $10.90 and a 12-month high of $12.33.

About Nuveen Massachusetts Quality Municipal Income Fund

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.