Nuveen AMT-Free Municipal Credit Income (NYSE:NVG) announced a monthly dividend on Thursday, August 1st, NASDAQ reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.065 per share on Tuesday, September 3rd. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend is Wednesday, August 14th.
Nuveen AMT-Free Municipal Credit Income has increased its dividend payment by an average of 6.0% annually over the last three years.
Shares of NVG traded up $0.04 during mid-day trading on Tuesday, reaching $16.58. 200,800 shares of the stock traded hands, compared to its average volume of 377,774. The firm has a fifty day moving average of $16.15. Nuveen AMT-Free Municipal Credit Income has a 12-month low of $13.30 and a 12-month high of $16.65.
Nuveen AMT-Free Municipal Credit Income Fund 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 invests in undervalued municipal securities and other related investments exempt from regular federal income taxes that are rated Baa/BBB or better by S&P, Moody's, or Fitch, and that have an average maturity of 17.02 years.
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