Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) to Issue Monthly Dividend of $0.07

Nuveen Massachusetts Quality Municipal Income Fund (NYSE:NMT) declared a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.071 per share by the financial services provider on Thursday, August 1st. This represents a $0.85 annualized dividend and a dividend yield of 7.66%. The ex-dividend date of this dividend is Monday, July 15th.

Nuveen Massachusetts Quality Municipal Income Fund Price Performance

NMT traded up $0.03 on Tuesday, hitting $11.13. 9,196 shares of the company’s stock were exchanged, compared to its average volume of 14,653. The stock has a fifty day moving average of $10.77 and a two-hundred day moving average of $10.68. Nuveen Massachusetts Quality Municipal Income Fund has a twelve month low of $9.05 and a twelve month high of $11.24.

About Nuveen Massachusetts Quality Municipal Income Fund

Nuveen Massachusetts Quality Municipal 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 Massachusetts, United States. The fund primarily invests in undervalued municipal securities and other related investments which are exempt from regular federal and Massachusetts income taxes.