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

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) declared a monthly dividend on Monday, March 3rd, NASDAQ Dividends reports. Shareholders of record on Friday, March 14th will be given a dividend of 0.078 per share by the financial services provider on Tuesday, April 1st. This represents a $0.94 annualized dividend and a dividend yield of 8.00%. The ex-dividend date is Friday, March 14th.

Nuveen Pennsylvania Quality Municipal Income Fund has increased its dividend by an average of 5.9% per year over the last three years.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

Shares of NQP traded down $0.07 during trading hours on Tuesday, hitting $11.70. 66,123 shares of the company were exchanged, compared to its average volume of 73,230. The firm has a fifty day simple moving average of $11.45 and a 200-day simple moving average of $11.91. Nuveen Pennsylvania Quality Municipal Income Fund has a one year low of $11.05 and a one year high of $12.89.

Insider Activity at Nuveen Pennsylvania Quality Municipal Income Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 34,334 shares of the stock in a transaction on Tuesday, December 31st. The shares were purchased at an average cost of $11.16 per share, for a total transaction of $383,167.44. Following the transaction, the insider now owns 5,058,973 shares in the company, valued at approximately $56,458,138.68. This trade represents a 0.68 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Nuveen Pennsylvania Quality Municipal Income Fund Company Profile

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.