Nuveen Municipal Income Fund Inc. (NYSE:NMI) Raises Dividend to $0.07 Per Share

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Nuveen Municipal Income Fund Inc. (NYSE:NMI) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Investors of record on Friday, December 13th will be paid a dividend of 0.0717 per share on Tuesday, December 31st. This represents a $0.86 dividend on an annualized basis and a yield of 7.53%. The ex-dividend date is Thursday, December 12th. This is a positive change from Nuveen Municipal Income Fund’s previous monthly dividend of $0.04.

NYSE:NMI traded up $0.08 during trading hours on Wednesday, reaching $11.42. The company had a trading volume of 9,781 shares, compared to its average volume of 13,579. Nuveen Municipal Income Fund has a 1-year low of $9.95 and a 1-year high of $12.00. The business’s 50 day moving average price is $11.33 and its 200-day moving average price is $11.34.

About Nuveen Municipal Income Fund

Nuveen Municipal Income Fund, Inc 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 the United States. The fund primarily invests in municipal obligations issued by state and local government authorities.

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Dividend History for Nuveen Municipal Income Fund (NYSE:NMI)

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