Nuveen Pennsylvania Quality Municipal Income Fund to Issue Monthly Dividend of $0.08 (NYSE:NQP)

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.078 per share by the financial services provider on Monday, February 3rd. This represents a $0.94 dividend on an annualized basis and a dividend yield of 8.21%. The ex-dividend date is Wednesday, January 15th.

Nuveen Pennsylvania Quality Municipal Income Fund has decreased its dividend by an average of 17.6% per year over the last three years.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

Nuveen Pennsylvania Quality Municipal Income Fund stock traded up $0.06 during midday trading on Friday, hitting $11.40. 110,838 shares of the company were exchanged, compared to its average volume of 95,919. Nuveen Pennsylvania Quality Municipal Income Fund has a fifty-two week low of $11.05 and a fifty-two week high of $12.89. The company’s fifty day moving average price is $11.72 and its 200-day moving average price is $12.16.

Insider Transactions at Nuveen Pennsylvania Quality Municipal Income Fund

In other Nuveen Pennsylvania Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. sold 16,500 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $11.97, for a total transaction of $197,505.00. Following the completion of the sale, the insider now owns 5,154,099 shares in the company, valued at $61,694,565.03. This trade represents a 0.32 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 143,260 shares of company stock valued at $1,702,067. Corporate insiders own 1.00% of the company’s stock.

About Nuveen Pennsylvania Quality Municipal Income Fund

Nuveen Pennsylvania 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 Pennsylvania. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.