Dividend Worth Mentioning Today: Forecasted dividends of $0.07 are lurking just around the corner for Nuveen Quality Municipal Income Fund (NYSE:NAD) shareholder?

Dividend Worth Mentioning Today: Forecasted dividends of $0.07 are lurking just around the corner for Nuveen Quality Municipal Income Fund (NYSE:NAD) shareholder?

Nuveen Quality Municipal Income Fund (NYSE:NAD) is expected to pay $0.07 on Nov 1, 2016. The indicated annual dividend is $0.85. Shareholders owning the stock before Oct 12, 2016 will be eligible to receive the payout. Based on Nuveen Quality Municipal Income Fund’s current price of $14.56, the dividend is 0.49%. This dividend’s record date is Oct 14, 2016 and the announcement date is Sep 19, 2016. The stock decreased 0.61% or $0.09 on October 10, hitting $14.56. Nuveen Dividend Advantage Municipal Fund (NYSE:NAD) has declined 0.55% since March 8, 2016 and is downtrending. It has underperformed by 9.86% the S&P500.

Nuveen Quality Municipal Income Fund, formerly Nuveen Dividend Advantage Municipal Fund, is a diversified, closed-end management investment company. The company has a market cap of $569.82 million. The Fund seeks to provide current income exempt from regular federal income tax by investing primarily in a portfolio of municipal obligations issued by state and local government authorities or certain the United States territories. It currently has negative earnings. The Fund invests in municipal securities that are exempt from federal income taxes.

Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 0.19, from 1.19 in 2016Q1. The ratio turned negative, as 6 funds sold all Nuveen Dividend Advantage Municipal Fund shares owned while 14 reduced positions. 8 funds bought stakes while 12 increased positions. They now own 2.90 million shares or 9.35% less from 3.20 million shares in 2016Q1.
Tradewinds Capital last reported 0.35% of its portfolio in the stock. Pnc Fincl Services Grp Incorporated, a Pennsylvania-based fund reported 3,908 shares. Sit Investment Assoc Inc reported 10,000 shares or 0% of all its holdings. Royal State Bank Of Canada has 60,460 shares for 0% of their US portfolio. Capital Investment Advisors Ltd Liability Company, a Georgia-based fund reported 91,656 shares. Natl Planning Corporation has 0.07% invested in the company for 53,959 shares. The Minnesota-based Us Fincl Bank De has invested 0% in Nuveen Dividend Advantage Municipal Fund (NYSE:NAD). Security Natl Trust owns 4,015 shares or 0.02% of their US portfolio. Van Eck Assocs last reported 110,389 shares in the company. Benjamin F Edwards & Inc accumulated 2,831 shares or 0.01% of the stock. Kcg Holdings reported 13,720 shares or 0% of all its holdings. Doliver Cap Advsr has 13,180 shares for 0.18% of their US portfolio. Morgan Stanley has invested 0% of its portfolio in Nuveen Dividend Advantage Municipal Fund (NYSE:NAD). Raymond James Financial Ser has 36,829 shares for 0.01% of their US portfolio. Marquette Asset Mngmt last reported 0.08% of its portfolio in the stock.

NAD Company Profile

Nuveen Dividend Advantage Municipal Fund is a closed-end, diversified investment management company. The Fund seeks to provide current income exempt from regular federal income tax by investing primarily in a diversified portfolio of municipal obligations issued by state and local government authorities or certain United States territories.

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