Nuveen Amt-Free Quality Municpl Incm Fnd (NYSE:NEA) Raises Dividend to $0.05 Per Share

Nuveen Amt-Free Quality Municpl Incm Fnd (NYSE:NEA) declared a monthly dividend on Thursday, January 2nd, Zacks reports. Shareholders of record on Wednesday, January 15th will be given a dividend of 0.054 per share on Monday, February 3rd. This represents a $0.65 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Tuesday, January 14th. This is a positive change from Nuveen Amt-Free Quality Municpl Incm Fnd’s previous monthly dividend of $0.05.

Nuveen Amt-Free Quality Municpl Incm Fnd has decreased its dividend by an average of 5.5% per year over the last three years.

NYSE:NEA traded up $0.03 during trading hours on Friday, hitting $14.47. 491,755 shares of the stock were exchanged, compared to its average volume of 515,171. The company’s 50 day moving average is $14.26 and its two-hundred day moving average is $14.18. Nuveen Amt-Free Quality Municpl Incm Fnd has a twelve month low of $12.71 and a twelve month high of $14.48.

In other news, insider Norgard Ross 1,000,000 shares of the firm’s stock in a transaction on Monday, October 21st. Also, insider Morris Ian 400,000 shares of the firm’s stock in a transaction on Friday, October 25th.

Nuveen Amt-Free Quality Municpl Incm Fnd Company Profile

Nuveen AMT-Free Quality Municipal Income Fund is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Asset Management, LLC and Nuveen Fund Advisors LLC. It invests in the fixed income markets of the United States. The fund primarily invests in undervalued municipal bonds that are exempt from federal income taxes, including the alternative minimum tax.

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Dividend History for Nuveen Amt-Free Quality Municpl Incm Fnd (NYSE:NEA)

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