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

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) announced a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Investors of record on Friday, March 14th will be given a dividend of 0.0785 per share on Tuesday, April 1st. This represents a $0.94 dividend on an annualized basis and a yield of 7.68%. The ex-dividend date of this dividend is Friday, March 14th.

Nuveen New Jersey Quality Municipal Income Fund Stock Down 0.5 %

Shares of NXJ traded down $0.06 during trading hours on Tuesday, reaching $12.26. 79,659 shares of the stock traded hands, compared to its average volume of 91,751. Nuveen New Jersey Quality Municipal Income Fund has a 52 week low of $11.45 and a 52 week high of $13.13. The stock has a fifty day simple moving average of $12.11 and a 200 day simple moving average of $12.45.

Insider Activity at Nuveen New Jersey Quality Municipal Income Fund

In other Nuveen New Jersey Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. sold 11,593 shares of the firm’s stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $12.64, for a total value of $146,535.52. Following the completion of the transaction, the insider now owns 5,464,146 shares in the company, valued at $69,066,805.44. This trade represents a 0.21 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders have sold 635,998 shares of company stock worth $7,778,348.

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.