Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ – Get Free Report) announced a monthly dividend on Thursday, January 2nd,Wall Street Journal reports. Shareholders of record on Wednesday, January 15th will be paid a dividend of 0.0785 per share on Monday, February 3rd. This represents a $0.94 dividend on an annualized basis and a yield of 7.73%. The ex-dividend date of this dividend is Wednesday, January 15th.
Nuveen New Jersey Quality Municipal Income Fund Stock Up 0.7 %
NXJ stock traded up $0.08 on Friday, hitting $12.18. The company’s stock had a trading volume of 92,320 shares, compared to its average volume of 99,310. The firm has a 50 day moving average of $12.32 and a two-hundred day moving average of $12.53. Nuveen New Jersey Quality Municipal Income Fund has a 1 year low of $11.45 and a 1 year high of $13.13.
Insider Transactions at Nuveen New Jersey Quality Municipal Income Fund
In other news, major shareholder Saba Capital Management, L.P. sold 39,244 shares of the company’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of $12.62, for a total transaction of $495,259.28. Following the completion of the sale, the insider now owns 5,940,354 shares in the company, valued at $74,967,267.48. This represents a 0.66 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders sold 575,344 shares of company stock worth $7,140,285.
Nuveen New Jersey Quality Municipal Income Fund Company Profile
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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