Nuveen Pennsylvania Quality Municipal Income Fund Dividend Update: Key Details Before the Aug 15, 2025 Ex-Dividend Date

Generated by AI AgentAinvest Dividend Digest
Monday, Aug 11, 2025 10:03 pm ET1min read
NQP--
Aime RobotAime Summary

- Nuveen Pennsylvania Fund (NQP) declared a $0.078/share dividend, payable Sep 2, 2025, with an ex-dividend date of Aug 15, 2025.

- Saba Capital sold 34,883 shares at $10.98-$11.03, reducing holdings to 4.92M, signaling potential shifts in investment strategy.

- The dividend exceeds the 10-period average ($0.063) and reinforces NQP's commitment to shareholder returns amid market scrutiny.

- Recent transactions and consistent payouts highlight NQP's financial stability, potentially boosting investor confidence in municipal income funds.

Nuveen Pennsylvania Quality Municipal Income Fund (NQP) has announced its latest dividend details. The ex-dividend date is set for Aug 15, 2025, with the dividend of $0.078 per share payable on Sep 2, 2025. This dividend is slightly higher than the average dividend per share of $0.063 from the last ten periods, indicating a positive trend in dividend payouts. The announcement was made on Aug 1, 2025, and the dividend is characterized as a cash dividend. Notably, the previous dividend was also $0.078 per share, announced on Aug 1, 2025, and similarly classified as a cash dividend.

Recently, significant developments have emerged regarding Nuveen Pennsylvania Quality Municipal Income Fund. As of late, Saba Capital Management, a substantial stakeholder, has disclosed the sale of 34,883 shares between Aug 7-8, 2025, at prices ranging from $11.03 to $10.98, leaving them with approximately 4.92 million shares. Additionally, in the past week, Saba Capital Management sold 8,505 shares of NQPNQP--, highlighting a shift in their investment strategy. Analysts have noted this could impact market perception and investor sentiment regarding NQP's stock. Over the past week, Nuveen Pennsylvania Quality Municipal Income Fund also announced its upcoming monthly dividend of $0.08 per share, reinforcing its commitment to providing returns to shareholders. This announcement may influence the fund's market performance and investor confidence positively.

Since the last update, the market has been closely monitoring these transactions and dividend announcements, noting their potential implications for Nuveen Pennsylvania Quality Municipal Income Fund's future operations and financial health. The fund's strategic moves, along with its consistent dividend payout, are crucial indicators of its current standing in the municipal income fund sector.

In conclusion, the ex-dividend date for Nuveen Pennsylvania Quality Municipal Income Fund is Aug 15, 2025, marking the last opportunity for investors to purchase shares and qualify for the upcoming dividend. Any acquisitions made post this date will not entitle shareholders to receive this dividend payout.

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