Nuveen Pennsylvania Quality Municipal Income Fund (NQP) to Issue Monthly Dividend of $0.08 on August 1st

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) announced a monthly dividend on Monday, July 1st, NASDAQ reports. Stockholders of record on Monday, July 15th will be paid a dividend of 0.078 per share by the financial services provider on Thursday, August 1st. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.67%. The ex-dividend date is Monday, July 15th.

Nuveen Pennsylvania Quality Municipal Income Fund has decreased its dividend payment by an average of 17.6% annually over the last three years.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Up 0.2 %

Shares of NYSE NQP opened at $12.21 on Wednesday. The company has a 50-day moving average of $11.85 and a 200 day moving average of $11.72. Nuveen Pennsylvania Quality Municipal Income Fund has a 12-month low of $9.65 and a 12-month high of $12.24.

Insider Activity at Nuveen Pennsylvania Quality Municipal Income Fund

In other Nuveen Pennsylvania Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. bought 7,796 shares of the business’s stock in a transaction on Monday, April 29th. The stock was bought at an average price of $11.49 per share, with a total value of $89,576.04. Following the completion of the purchase, the insider now directly owns 5,095,490 shares in the company, valued at $58,547,180.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have acquired 49,006 shares of company stock worth $566,434. Insiders own 1.00% of the company’s stock.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

Nuveen Pennsylvania 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 Pennsylvania. The fund invests in tax exempt municipal bonds, with a rating of Baa/BBB or higher.