Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Plans $0.08 Monthly Dividend

by · The Cerbat Gem

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ – Get Free Report) declared a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.0785 per share on Monday, December 2nd. This represents a $0.94 annualized dividend and a yield of 7.58%. The ex-dividend date of this dividend is Friday, November 15th.

Nuveen New Jersey Quality Municipal Income Fund Price Performance

Nuveen New Jersey Quality Municipal Income Fund stock traded up $0.04 during mid-day trading on Wednesday, hitting $12.43. The stock had a trading volume of 21,644 shares, compared to its average volume of 75,498. The stock has a 50-day simple moving average of $12.80 and a two-hundred day simple moving average of $12.44. Nuveen New Jersey Quality Municipal Income Fund has a 12 month low of $10.90 and a 12 month high of $13.13.

Insider Activity 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 30,203 shares of the stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $12.44, for a total value of $375,725.32. Following the transaction, the insider now owns 5,869,933 shares of the company’s stock, valued at approximately $73,021,966.52. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have sold a total of 90,512 shares of company stock worth $1,133,260 over the last 90 days.

Nuveen New Jersey Quality Municipal Income Fund Company Profile

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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.

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