Nuveen Massachusetts Pre Income Mun Fd (NMT) to Issue Monthly Dividend of $0.04 on December 31st
Nuveen Massachusetts Pre Income Mun Fd (NYSE:NMT) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.041 per share by the financial services provider on Tuesday, December 31st. This represents a $0.49 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Thursday, December 12th.
NMT opened at $14.08 on Tuesday. The stock has a 50-day moving average of $14.15 and a 200-day moving average of $13.69. Nuveen Massachusetts Pre Income Mun Fd has a 52-week low of $11.49 and a 52-week high of $14.51.
In related news, insider Reed David sold 3,000,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $0.21, for a total value of $618,000.00.
Nuveen Massachusetts 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 Massachusetts, United States. The fund primarily invests in undervalued municipal securities and other related investments which are exempt from regular federal and Massachusetts income taxes.
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