Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) Announces $0.08 Monthly Dividend

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) declared a monthly dividend on Monday, February 3rd,NASDAQ Dividends reports. Investors of record on Friday, February 14th will be paid a dividend of 0.0785 per share on Monday, March 3rd. This represents a $0.94 dividend on an annualized basis and a yield of 7.76%. The ex-dividend date of this dividend is Friday, February 14th.

Nuveen New Jersey Quality Municipal Income Fund Trading Up 0.1 %

Shares of NXJ traded up $0.01 during midday trading on Tuesday, hitting $12.14. The company’s stock had a trading volume of 118,470 shares, compared to its average volume of 111,826. Nuveen New Jersey Quality Municipal Income Fund has a one year low of $11.45 and a one year high of $13.13. The company’s fifty day simple moving average is $12.19 and its two-hundred day simple moving average is $12.51.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. sold 3,200 shares of Nuveen New Jersey Quality Municipal Income Fund stock in a transaction that occurred on Tuesday, December 24th. The shares were sold at an average price of $11.94, for a total transaction of $38,208.00. Following the sale, the insider now directly owns 5,331,503 shares of the company’s stock, valued at approximately $63,658,145.82. The trade was a 0.06 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 690,388 shares of company stock valued at $8,499,162.

About Nuveen New Jersey Quality Municipal Income Fund

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.