Nuveen Massachusetts Pre Income Mun Fd (NYSE:NMT) Declares Monthly Dividend of $0.04

Nuveen Massachusetts Pre Income Mun Fd (NYSE:NMT) announced a monthly dividend on Wednesday, December 4th, Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, December 12th.

Shares of NYSE:NMT traded up $0.05 during midday trading on Wednesday, hitting $14.12. The company’s stock had a trading volume of 13,900 shares, compared to its average volume of 11,042. The stock’s 50 day simple moving average is $14.14 and its 200 day simple moving average is $13.65. Nuveen Massachusetts Pre Income Mun Fd has a fifty-two week low of $11.49 and a fifty-two week high of $14.51.

In other news, insider Reed David sold 3,000,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $0.21, for a total value of $618,000.00.

Nuveen Massachusetts Pre Income Mun Fd Company Profile

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.

Further Reading: Why do company’s buyback their stock?

Dividend History for Nuveen Massachusetts Pre Income Mun Fd (NYSE:NMT)

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