Nuveen AMT-Free Municipal Credit Income (NYSE:NVG) declared a monthly dividend on Thursday, October 1st, Zacks reports. Investors of record on Thursday, October 15th will be given a dividend of 0.068 per share on Monday, November 2nd. This represents a $0.82 annualized dividend and a yield of 5.18%. The ex-dividend date of this dividend is Wednesday, October 14th. This is a boost from Nuveen AMT-Free Municipal Credit Income’s previous monthly dividend of $0.07.
Nuveen AMT-Free Municipal Credit Income has decreased its dividend by 7.8% over the last three years and has raised its dividend every year for the last 1 years.
NVG traded up $0.07 on Friday, hitting $15.76. The company had a trading volume of 211,590 shares, compared to its average volume of 512,961. Nuveen AMT-Free Municipal Credit Income has a 12-month low of $11.55 and a 12-month high of $17.15. The business’s fifty day simple moving average is $15.64 and its 200 day simple moving average is $15.05.
About Nuveen AMT-Free Municipal Credit Income
Nuveen AMT-Free Municipal Credit 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 the United States. The fund invests in undervalued municipal securities and other related investments exempt from regular federal income taxes that are rated Baa/BBB or better by S&P, Moody's, or Fitch, and that have an average maturity of 17.02 years.
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