Nuveen New York AMT-Free Quality Municipal Income Fund Announces Monthly Dividend of $0.0655
The Nuveen New York AMT-Free Quality Municipal Income Fund (NYSE: NRK) has declared a monthly dividend of $0.0655 per share, representing an annualized yield of approximately 8.52%. The payment is scheduled for November 2 and will be distributed to shareholders on record as of October 15. Shareholders who purchase the stock after this date may not receive the upcoming payout due to the ex-dividend rule. The fund focuses on generating tax-advantaged income by investing in high-quality municipal bonds exempt from federal Alternative Minimum Tax (AMT). The dividend reflects a consistent approach, though analysts have noted that recent cuts were modest and did not significantly alter long-term expectations for the fund's performance.
Tickers: $NRK
Topics: dividends municipal_income_funds