Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) Declares $0.08 Monthly Dividend

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Investors of record on Wednesday, January 15th will be given a dividend of 0.078 per share by the financial services provider on Monday, February 3rd. This represents a $0.94 dividend on an annualized basis and a yield of 8.21%. The ex-dividend date is Wednesday, January 15th.

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

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

Shares of Nuveen Pennsylvania Quality Municipal Income Fund stock traded up $0.06 during trading on Friday, reaching $11.40. The company’s stock had a trading volume of 110,838 shares, compared to its average volume of 95,919. The stock has a 50-day moving average price of $11.72 and a two-hundred day moving average price of $12.16. Nuveen Pennsylvania Quality Municipal Income Fund has a one year low of $11.05 and a one year high of $12.89.

Insider Activity

In related news, major shareholder Saba Capital Management, L.P. sold 2,789 shares of Nuveen Pennsylvania Quality Municipal Income Fund stock in a transaction dated Monday, October 28th. The stock was sold at an average price of $11.89, for a total value of $33,161.21. Following the completion of the sale, the insider now directly owns 5,151,310 shares in the company, valued at $61,249,075.90. This trade represents a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 143,260 shares of company stock valued at $1,702,067 over the last three months. 1.00% of the stock is owned by insiders.

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.