Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) to Issue Monthly Dividend of $0.08

Nuveen AMT-Free Municipal Credit Income Fund (NYSE:NVG) declared a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.079 per share on Monday, February 3rd. This represents a $0.95 annualized dividend and a dividend yield of 7.59%. The ex-dividend date is Wednesday, January 15th.

Nuveen AMT-Free Municipal Credit Income Fund has decreased its dividend by an average of 15.7% per year over the last three years.

Nuveen AMT-Free Municipal Credit Income Fund Price Performance

NVG stock traded up $0.05 during midday trading on Friday, reaching $12.49. The stock had a trading volume of 485,146 shares, compared to its average volume of 490,123. Nuveen AMT-Free Municipal Credit Income Fund has a twelve month low of $11.36 and a twelve month high of $13.56. The business has a fifty day simple moving average of $12.71 and a two-hundred day simple moving average of $12.81.

Insider Transactions at Nuveen AMT-Free Municipal Credit Income Fund

In related news, VP David J. Lamb purchased 3,000 shares of Nuveen AMT-Free Municipal Credit Income Fund stock in a transaction dated Wednesday, November 6th. The shares were acquired at an average cost of $12.44 per share, for a total transaction of $37,320.00. Following the transaction, the vice president now directly owns 3,000 shares of the company’s stock, valued at approximately $37,320. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Nuveen AMT-Free Municipal Credit Income Fund Company Profile

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.