Dividend Information about Nuveen New Jersey Quality Municipal Income Fund: Everything You Need To Know Before Its Exdividend Date Sep 15, 2025

Generated by AI AgentAinvest Dividend Digest
Friday, Sep 12, 2025 2:01 am ET1min read
NXJ--
Aime RobotAime Summary

- Nuveen New Jersey Quality Municipal Income Fund (NXJ) declared a $0.0785/share cash dividend, rising from a $0.0580 average over 10 prior payments.

- The ex-dividend date is Sep 15, 2025, with distribution on Oct 1, 2025, amid 82% higher short interest and a 4.8% NAV discount.

- Technical indicators show an overbought RSI of 78.33 and MACD of 0.14, while insiders traded 1.86 million shares net sold.

- The 7.10% yield and tax-exempt municipal bond focus maintain NXJ's appeal despite market skepticism and volatility signals.

Nuveen New Jersey Quality Municipal Income Fund (NXJ) has announced a cash dividend of $0.0785 per share, with the ex-dividend date set for Sep 15, 2025. The dividend was officially announced on Sep 2, 2025, and will be distributed on Oct 1, 2025. This payout marks an increase compared to the average of the last 10 dividend payments, which stood at $0.0580 per share. Investors should note that the most recent dividend, also announced on Sep 2, 2025, reflects the same $0.0785 per share, indicating a consistent and elevated distribution. This latest cash dividend underscores the fund’s ongoing commitment to delivering returns to shareholders through its municipal bond-focused strategy.

Over the past week, Nuveen New Jersey Quality Municipal Income Fund (NXJ) has drawn increased attention due to several notable developments. Analysts have highlighted the fund’s strong monthly dividend schedule, with a current yield of 7.10% and an annualized payout of $0.85 per share. Recently, the next ex-dividend date was confirmed as Sep 15, 2025, reinforcing the stability of the fund’s income-generating structure. Additionally, short interest in the fund has surged by 82.0% since the last update, reflecting heightened market skepticism or positioning for potential volatility. This rise in short interest could signal a shift in investor sentiment, especially in light of the fund’s -4.8% price discount to its net asset value.

Fundamental insights further illustrate NXJ’s recent performance, with its latest technical indicators showing a MACD of 0.14 and an RSI of 78.33, suggesting a near-overbought condition. As of late, insiders have also engaged in significant trading activity, with 214,398 shares purchased and a net sale of 1,645,655 shares recorded, potentially signaling internal confidence or strategic reallocation. These developments, coupled with a monthly dividend of $0.0785 per share, underscore the fund’s ongoing appeal in the tax-exempt municipal bond sector.

In conclusion, Nuveen New Jersey Quality Municipal Income Fund (NXJ) continues to offer a compelling income opportunity for investors seeking tax-advantaged returns. The upcoming ex-dividend date on Sep 15, 2025, marks the final day for investors to purchase shares and qualify for the dividend. Any purchase after this date will not be entitled to the payout. Investors should carefully consider the recent market developments, including rising short interest and fluctuating technical indicators, when assessing the fund’s current positioning.

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