Nuveen Municipal Income Fund, Inc. (NYSE:NMI) Announces Monthly Dividend of $0.04

Nuveen Municipal Income Fund, Inc. (NYSE:NMI) declared a monthly dividend on Monday, March 2nd. Stockholders of record on Friday, March 13th will be paid a dividend of 0.038 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 4.6%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen Municipal Income Fund Stock Down 0.1%

Shares of NYSE NMI traded down $0.01 during mid-day trading on Wednesday, hitting $9.95. The company had a trading volume of 8,124 shares, compared to its average volume of 38,854. Nuveen Municipal Income Fund has a 12 month low of $9.21 and a 12 month high of $10.85. The business’s 50-day simple moving average is $10.05 and its 200-day simple moving average is $9.99.

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.