Nuveen Arizona Quality Municipal Income Fund Declares Monthly Dividend

Nuveen Arizona Quality Municipal Income Fund (NYSE:NAZ) announced a monthly dividend on Monday, February 3rd, as reported by NASDAQ Dividends. The investment management company will distribute a dividend of $0.0725 per share to shareholders who are on record as of Friday, February 14th. This payment is scheduled to occur on Monday, March 3rd, 2023. When annualized, this dividend amounts to $0.87 per share, offering a yield of 6.99%. The ex-dividend date is set for Friday, February 14th.

Over the last three years, Nuveen Arizona Quality Municipal Income Fund has been consistent in increasing its dividend, with an average annual growth rate of 5.5%.

Market Performance of Nuveen Arizona Quality Municipal Income Fund

In midday trading on Tuesday, shares of NYSE:NAZ increased by 0.3%, gaining $0.04, and reaching a price of $12.45. During this session, around 9,320 shares were traded, which is below its average trading volume of 21,019 shares. Over the past year, the stock has reached a low of $10.52 and a high of $13.33. The 50-day and 200-day moving averages for the stock are $11.93 and $11.82, respectively.

About Nuveen Arizona Quality Municipal Income Fund

Nuveen Arizona Quality Municipal Income Fund is a closed-end fixed income mutual fund established by Nuveen Investments, Inc. The fund is managed by Nuveen Asset Management, LLC and focuses on the fixed income markets in Arizona. Its investment strategy primarily involves municipal securities and related investments that generate income exempt from regular federal and Arizona income taxes, targeting investments rated Baa or BBB and having an average maturity of 18.66 years.

Important Considerations for Investors

Before making any investment decisions regarding Nuveen Arizona Quality Municipal Income Fund, investors should conduct thorough research. Currently, analysts have assigned a "Hold" rating for this fund, indicating a cautious approach. There are other stocks identified by top-rated analysts that are considered better investment opportunities at this time.

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