Nuveen New Jersey Quality Municipal Income Fund (NXJ) To Go Ex-Dividend on January 15th

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) declared a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be paid a dividend of 0.0785 per share on Monday, February 3rd. This represents a $0.94 annualized dividend and a yield of 7.84%. The ex-dividend date of this dividend is Wednesday, January 15th.

Nuveen New Jersey Quality Municipal Income Fund Stock Down 0.7 %

NYSE:NXJ opened at $12.01 on Monday. The company has a 50-day moving average of $12.28 and a 200-day moving average of $12.54. Nuveen New Jersey Quality Municipal Income Fund has a 52 week low of $11.45 and a 52 week high of $13.13.

Insider Buying and Selling at Nuveen New Jersey Quality Municipal Income Fund

In other Nuveen New Jersey Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. sold 64,749 shares of the company’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of $12.69, for a total transaction of $821,664.81. Following the sale, the insider now directly owns 5,507,193 shares of the company’s stock, valued at approximately $69,886,279.17. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders have sold 604,336 shares of company stock valued at $7,490,799.

About Nuveen New Jersey Quality Municipal Income Fund

Nuveen New Jersey 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 New Jersey. The fund invests in undervalued municipal securities and other related investments that are, exempt from regular federal and New Jersey income taxes that are rated Baa or BBB or better.