Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Get Free Report) declared a monthly dividend on Tuesday, June 3rd, Wall Street Journal reports. Shareholders of record on Friday, June 13th will be given a dividend of 0.038 per share on Tuesday, July 1st. This represents a $0.46 annualized dividend and a yield of 4.65%. The ex-dividend date is Friday, June 13th.
Nuveen Municipal Income Fund has increased its dividend by an average of 6.6% per year over the last three years.
Nuveen Municipal Income Fund Stock Up 0.2%
NMI stock traded up $0.02 during midday trading on Thursday, hitting $9.80. The company's stock had a trading volume of 8,598 shares, compared to its average volume of 26,710. The stock's 50-day moving average price is $9.73 and its 200 day moving average price is $9.70. Nuveen Municipal Income Fund has a 1 year low of $9.21 and a 1 year high of $10.30.
About Nuveen Municipal Income Fund
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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.
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