Nuveen Municipal Income Fund, Inc. (NMI) To Go Ex-Dividend on July 15th

by · The Cerbat Gem

Nuveen Municipal Income Fund, Inc. (NYSE:NMI – Get Free Report) announced a monthly dividend on Wednesday, July 1st. Shareholders of record on Wednesday, July 15th will be paid a dividend of 0.038 per share on Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, July 15th.

Nuveen Municipal Income Fund Trading Down 0.4%

Shares of NMI stock opened at $10.95 on Friday. Nuveen Municipal Income Fund has a twelve month low of $9.62 and a twelve month high of $11.28. The stock has a fifty day simple moving average of $10.74 and a two-hundred day simple moving average of $10.33.

About Nuveen Municipal Income Fund

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Nuveen Municipal Income Fund (NYSE: NMI) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The fund primarily invests in municipal obligations issued by U.S. states, territories and municipalities, as well as certain municipal securities issued outside the United States. By focusing on a diversified portfolio of investment-grade and select below-investment-grade municipal bonds, NMI aims to deliver tax-advantaged income to its shareholders.

The fund’s portfolio typically includes general obligation bonds, revenue bonds and other municipal securities across a broad range of sectors, including transportation, utilities, health care and education.

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