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

Key Points

• Monthly dividend: Nuveen Municipal Income Fund (NYSE: NMI) declared a monthly dividend of $0.038 per share, payable May 1 to shareholders of record April 15, implying an annualized yield of 4.4% (ex-dividend April 15).
• Shares traded at $10.33, up 0.8% on the day but on light volume (1,623 shares versus a 35,990 average), with a 12‑month range of $9.46 to $10.85 and 50/200‑day SMAs around $10.07/$10.03.
• The closed‑end fund seeks federally tax‑exempt income by investing mainly in municipal obligations—both investment‑grade and selected below‑investment‑grade—across sectors like transportation, utilities, health care and education.

Nuveen Municipal Income Fund, Inc. (NYSE:NMI - Get Free Report) announced a monthly dividend on Wednesday, April 1st. Investors of record on Wednesday, April 15th will be given a dividend of 0.038 per share on Friday, May 1st. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Wednesday, April 15th.

Nuveen Municipal Income Fund Stock Up 0.8%

Shares of NYSE NMI traded up $0.08 during trading hours on Monday, hitting $10.33. The company's stock had a trading volume of 1,623 shares, compared to its average volume of 35,990. Nuveen Municipal Income Fund has a 12 month low of $9.46 and a 12 month high of $10.85. The business has a 50-day simple moving average of $10.07 and a 200-day simple moving average of $10.03.

Nuveen Municipal Income Fund Company Profile

Nuveen Municipal Income Fund NYSE: NMI is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The fund primarily invests in municipal obligations issued by U.S. states, territories and municipalities, as well as certain municipal securities issued outside the United States. By focusing on a diversified portfolio of investment-grade and select below-investment-grade municipal bonds, NMI aims to deliver tax-advantaged income to its shareholders.

The fund's portfolio typically includes general obligation bonds, revenue bonds and other municipal securities across a broad range of sectors, including transportation, utilities, health care and education.

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