Nuveen Municipal Income Fund, Inc. Announces Monthly Dividend of $0.04 (NYSE:NMI)

Key Points

• Nuveen Municipal Income Fund, Inc. has declared a monthly dividend of $0.04 per share, with the payment scheduled for September 2nd for investors of record as of August 15th.
• The annualized dividend yield for the fund is currently 4.6%.
• As of the latest trading session, Nuveen Municipal Income Fund stock price was $9.82, down $0.05, with a trading volume of 19,527 shares.

Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Get Free Report) announced a monthly dividend on Monday, August 4th, Wall Street Journal reports. Investors of record on Friday, August 15th will be given a dividend of 0.038 per share on Tuesday, September 2nd. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Friday, August 15th.

Nuveen Municipal Income Fund Price Performance

Nuveen Municipal Income Fund stock traded up $0.03 on Wednesday, reaching $9.85. The company's stock had a trading volume of 29,796 shares, compared to its average volume of 29,892. The business's fifty day moving average price is $9.91 and its 200 day moving average price is $9.82. Nuveen Municipal Income Fund has a twelve month low of $9.21 and a twelve month high of $10.85.

Nuveen Municipal Income Fund Company Profile

Nuveen Municipal Income Fund, Inc 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 the United States. The fund primarily invests in municipal obligations issued by state and local government authorities.