Nuveen Amt-Free Quality Municpl Incm Fnd (NYSE:NEA) announced a monthly dividend on Thursday, January 2nd, Zacks reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.054 per share on Monday, February 3rd. This represents a $0.65 annualized dividend and a dividend yield of 4.48%. The ex-dividend date is Tuesday, January 14th. This is a boost from Nuveen Amt-Free Quality Municpl Incm Fnd’s previous monthly dividend of $0.05.
Nuveen Amt-Free Quality Municpl Incm Fnd has decreased its dividend by an average of 5.5% per year over the last three years.
Shares of NYSE:NEA traded up $0.03 on Friday, hitting $14.47. The stock had a trading volume of 491,755 shares, compared to its average volume of 515,171. Nuveen Amt-Free Quality Municpl Incm Fnd has a twelve month low of $12.71 and a twelve month high of $14.48. The firm’s 50 day moving average price is $14.26 and its 200-day moving average price is $14.18.
About Nuveen Amt-Free Quality Municpl Incm Fnd
Nuveen AMT-Free Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of the United States. The fund primarily invests in undervalued municipal bonds that are exempt from federal income taxes, including the alternative minimum tax.
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