Nuveen Municipal Income Fund Inc. (NYSE:NMI) to Issue Dividend Increase – $0.07 Per Share

Nuveen Municipal Income Fund Inc. (NYSE:NMI) declared a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.0717 per share on Tuesday, December 31st. This represents a $0.86 annualized dividend and a dividend yield of 7.61%. The ex-dividend date of this dividend is Thursday, December 12th. This is an increase from Nuveen Municipal Income Fund’s previous monthly dividend of $0.04.

NMI opened at $11.31 on Tuesday. The company’s 50-day moving average price is $11.32 and its 200 day moving average price is $11.35. Nuveen Municipal Income Fund has a fifty-two week low of $9.95 and a fifty-two week high of $12.00.

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.

See Also: What is range trading?

Dividend History for Nuveen Municipal Income Fund (NYSE:NMI)

Receive News & Ratings for Nuveen Municipal Income Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nuveen Municipal Income Fund and related companies with MarketBeat.com's FREE daily email newsletter.