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

Key Points

  • Nuveen Massachusetts Quality Municipal Income Fund (NMT) declared a monthly dividend of $0.064 per share, payable May 1 to shareholders of record April 15, implying an annualized dividend yield of about 6.2%.
  • NMT shares recently traded at $12.44, with a 12-month range of $11.11 to $12.74 and trading volume below its average, indicating relatively light recent activity.
  • The closed-end fund focuses on investment-grade municipal bonds issued in Massachusetts to provide federally tax-exempt income and is managed by Nuveen’s municipal fixed income team.
  • MarketBeat previews the top five stocks to own by June 1st.

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT - Get Free Report) announced a monthly dividend on Wednesday, April 1st. Stockholders of record on Wednesday, April 15th will be paid a dividend of 0.064 per share by the financial services provider on Friday, May 1st. This represents a c) dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date of this dividend is Wednesday, April 15th.

Nuveen Massachusetts Quality Municipal Income Fund Stock Performance

Shares of NMT stock traded down $0.11 on Monday, reaching $12.44. The company had a trading volume of 6,483 shares, compared to its average volume of 22,452. The company has a 50-day moving average of $11.95 and a 200-day moving average of $11.67. Nuveen Massachusetts Quality Municipal Income Fund has a 12 month low of $11.11 and a 12 month high of $12.74.

About Nuveen Massachusetts Quality Municipal Income Fund

(Get Free Report)

Nuveen Massachusetts Quality Municipal Income Fund NYSE: NMT is a closed-end management investment company that seeks to provide shareholders with a high level of current income that is exempt from regular U.S. federal income tax. The fund primarily invests in investment-grade municipal securities, with an emphasis on bonds issued by state and local governments and agencies in Massachusetts. Its portfolio includes general obligation bonds, revenue bonds, and other municipal debt instruments that meet the fund's credit quality standards.

As part of the Nuveen family of investment products, the fund is managed by Nuveen's municipal fixed income team.

See Also

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

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