Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Plans $0.03 Monthly Dividend

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) declared a monthly dividend on Tuesday, April 6th, Wall Street Journal reports. Stockholders of record on Thursday, April 15th will be paid a dividend of 0.033 per share on Monday, May 3rd. This represents a $0.40 annualized dividend and a dividend yield of 3.46%. The ex-dividend date is Wednesday, April 14th.

Shares of NMI stock opened at $11.45 on Wednesday. Nuveen Municipal Income Fund has a 12-month low of $10.11 and a 12-month high of $12.00. The firm has a fifty day moving average of $11.34 and a 200-day moving average of $11.39.

About Nuveen Municipal Income Fund

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.

Further Reading: How the Dogs of the Dow Strategy Works

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.