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

Nuveen New Jersey Quality Municipal Income Fund (NYSE:NXJ) announced a monthly dividend on Thursday, April 3rd, Wall Street Journal reports. Shareholders of record on Tuesday, April 15th will be paid a dividend of 0.0785 per share on Thursday, May 1st. This represents a $0.94 dividend on an annualized basis and a yield of 8.02%. The ex-dividend date is Tuesday, April 15th.

Nuveen New Jersey Quality Municipal Income Fund Trading Down 0.8 %

NYSE NXJ opened at $11.75 on Friday. The firm’s 50 day simple moving average is $12.03 and its 200 day simple moving average is $12.31. Nuveen New Jersey Quality Municipal Income Fund has a 1 year low of $11.45 and a 1 year high of $13.13.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. sold 7,603 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $12.26, for a total value of $93,212.78. Following the completion of the transaction, the insider now owns 4,378,212 shares of the company’s stock, valued at $53,676,879.12. This represents a 0.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 495,518 shares of company stock worth $6,012,102 in the last ninety days.

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.