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

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. Stockholders of record on Friday, August 15th will be given a dividend of 0.038 per share on Tuesday, September 2nd. This represents a c) annualized dividend and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, August 15th.

Nuveen Municipal Income Fund Stock Performance

Shares of NMI stock traded down $0.01 during trading hours on Friday, hitting $9.81. 6,453 shares of the company were exchanged, compared to its average volume of 29,789. Nuveen Municipal Income Fund has a one year low of $9.21 and a one year high of $10.85. The business's 50-day simple moving average is $9.92 and its two-hundred day simple moving average is $9.82.

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.