Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) to Issue $0.05 Monthly Dividend

Nuveen Pennsylvania Quality Municipal Income Fund (NYSE:NQP) announced a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.0455 per share by the financial services provider on Monday, June 3rd. This represents a $0.55 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Tuesday, May 14th.

Nuveen Pennsylvania Quality Municipal Income Fund has decreased its dividend by an average of 17.6% annually over the last three years.

Nuveen Pennsylvania Quality Municipal Income Fund Stock Performance

Nuveen Pennsylvania Quality Municipal Income Fund stock traded up $0.11 during midday trading on Friday, reaching $11.69. 39,262 shares of the stock were exchanged, compared to its average volume of 55,052. Nuveen Pennsylvania Quality Municipal Income Fund has a 52 week low of $9.65 and a 52 week high of $11.89. The company’s fifty day moving average is $11.67 and its 200-day moving average is $11.30.

Insider Activity

In other Nuveen Pennsylvania Quality Municipal Income Fund news, major shareholder Saba Capital Management, L.P. acquired 7,796 shares of the stock in a transaction that occurred on Monday, April 29th. The shares were bought at an average price of $11.49 per share, for a total transaction of $89,576.04. Following the completion of the transaction, the insider now owns 5,095,490 shares of the company’s stock, valued at approximately $58,547,180.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders bought 183,836 shares of company stock worth $2,154,411 in the last three months. Corporate insiders own 1.00% of the company’s stock.

About Nuveen Pennsylvania Quality Municipal Income Fund

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.