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

Key Points

• Nuveen Municipal Income Fund, Inc. has declared a monthly dividend of $0.04 per share, with the record date set for October 15th, and payment scheduled for November 3rd.
• As of recent trading, the stock price is $9.91, reflecting a 0.2% decrease in value.
• The fund primarily invests in municipal obligations from state and local government authorities in the United States.

Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Get Free Report) declared a monthly dividend on Wednesday, October 1st. Investors of record on Wednesday, October 15th will be paid a dividend of 0.038 per share on Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Wednesday, October 15th.

Nuveen Municipal Income Fund Stock Down 0.2%

Nuveen Municipal Income Fund stock traded down $0.02 during midday trading on Thursday, reaching $9.91. 12,056 shares of the company traded hands, compared to its average volume of 29,716. The business has a 50 day moving average of $9.82 and a two-hundred day moving average of $9.82. Nuveen Municipal Income Fund has a 12 month low of $9.21 and a 12 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.

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