Nuveen Municipal Income Fund, Inc. (NMI) To Go Ex-Dividend on September 15th

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) announced a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.038 per share on Thursday, October 1st. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Tuesday, September 15th.

Nuveen Municipal Income Fund Trading Down 1.0%

Shares of NMI stock opened at $10.05 on Friday. The company has a fifty day moving average price of $10.59 and a two-hundred day moving average price of $10.52. Nuveen Municipal Income Fund has a one year low of $9.76 and a one year high of $11.28.

Institutional Trading of Nuveen Municipal Income Fund

Hedge funds have recently modified their holdings of the stock. Steward Partners Investment Advisory LLC acquired a new position in Nuveen Municipal Income Fund in the 4th quarter valued at about $37,000. Raymond James Financial Inc. acquired a new position in shares of Nuveen Municipal Income Fund in the second quarter valued at approximately $72,000. Astoria Portfolio Advisors LLC. bought a new position in shares of Nuveen Municipal Income Fund during the fourth quarter worth approximately $116,000. Cetera Investment Advisers acquired a new stake in Nuveen Municipal Income Fund during the 2nd quarter worth approximately $118,000. Finally, Kestra Advisory Services LLC boosted its stake in Nuveen Municipal Income Fund by 118.6% in the 1st quarter. Kestra Advisory Services LLC now owns 12,024 shares of the company’s stock valued at $126,000 after purchasing an additional 6,524 shares during the period. Institutional investors and hedge funds own 16.57% of the company’s stock.

About Nuveen Municipal Income Fund

Nuveen Municipal Income Fund (NYSE: NMI) is a closed-end management investment company that seeks to provide current income exempt from federal income tax. The fund primarily invests in municipal obligations issued by U.S. states, territories and municipalities, as well as certain municipal securities issued outside the United States. By focusing on a diversified portfolio of investment-grade and select below-investment-grade municipal bonds, NMI aims to deliver tax-advantaged income to its shareholders.

The fund’s portfolio typically includes general obligation bonds, revenue bonds and other municipal securities across a broad range of sectors, including transportation, utilities, health care and education.