Nuveen Arizona Quality Municipal Income Fund (NAZ) to Issue Monthly Dividend of $0.07 on November 1st

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) announced a monthly dividend on Tuesday, October 1st, Wall Street Journal reports. Stockholders of record on Tuesday, October 15th will be paid a dividend of 0.0725 per share by the investment management company on Friday, November 1st. This represents a $0.87 dividend on an annualized basis and a dividend yield of 7.33%. The ex-dividend date is Tuesday, October 15th.

Nuveen Arizona Quality Municipal Income Fund has decreased its dividend payment by an average of 11.4% per year over the last three years.

Nuveen Arizona Quality Municipal Income Fund Stock Down 0.3 %

Shares of Nuveen Arizona Quality Municipal Income Fund stock traded down $0.03 on Thursday, reaching $11.87. 32,693 shares of the company were exchanged, compared to its average volume of 23,738. The company’s 50-day moving average is $11.71 and its two-hundred day moving average is $11.23. Nuveen Arizona Quality Municipal Income Fund has a 1-year low of $9.22 and a 1-year high of $12.02.

About Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is managed by Nuveen Asset Management, LLC. It invests in the fixed income markets of Arizona. The fund invests in municipal securities and other related investments the income, exempt from regular federal and Arizona income taxes that are rated Baa or BBB or better and having an average maturity of 18.66 years.