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

Posted by Mitch Edgeman on Jan 4th, 2025

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP – Get Free Report) announced a monthly dividend on Thursday, January 2nd,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 by an average of 17.6% per year over the last three years.

Nuveen Pennsylvania Quality Municipal Income Fund Price Performance

Shares of Nuveen Pennsylvania Quality Municipal Income Fund stock traded up $0.06 during mid-day trading on Friday, hitting $11.40. 110,838 shares of the stock were exchanged, compared to its average volume of 95,919. Nuveen Pennsylvania Quality Municipal Income Fund has a twelve month low of $11.05 and a twelve month high of $12.89. The company has a 50-day simple moving average of $11.72 and a 200 day simple moving average of $12.16.

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. sold 2,789 shares of Nuveen Pennsylvania Quality Municipal Income Fund stock in a transaction on Monday, October 28th. The shares were sold at an average price of $11.89, for a total value of $33,161.21. Following the transaction, the insider now owns 5,151,310 shares in the company, valued at $61,249,075.90. This trade represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have sold 143,260 shares of company stock valued at $1,702,067. Company insiders own 1.00% of the company’s stock.

About Nuveen Pennsylvania Quality Municipal Income Fund

(Get Free Report)

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.