Nuveen Municipal Income Fund, Inc. (NMI) Stock
The Nuveen Municipal Income Fund, Inc. operates as a closed-end mutual fund dedicated to fixed-income investments.
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About Nuveen Municipal Income Fund, Inc.
The Nuveen Municipal Income Fund, Inc. operates as a closed-end mutual fund dedicated to fixed-income investments. Established by Nuveen Investments Inc., its management is a collaborative effort between Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. The fund primarily allocates capital to the United States' fixed income markets, with a significant emphasis on municipal obligations issued by state and local government authorities. Its diversified investment portfolio includes holdings connected to various sectors such as healthcare, materials, education, civic organizations, and consumer staples. Formed on April 20, 1988, this U.S.-based fund has been in operation for decades.
Nuveen Municipal Income Fund, Inc. is headquartered in US.
Nuveen Municipal Income Fund, Inc. (NMI) stock trades at $10.77 with a market capitalization of $121.29M. The stock is valued at a price-to-earnings (P/E) ratio of 19.23, price-to-book of 1.09, price-to-sales of 22.08. Over the past 52 weeks the stock has ranged between $9.62 and $11.28, and currently trades 4.5% below its 52-week high. It pays a dividend yielding 4.27%.
On profitability, Nuveen Municipal Income Fund, Inc. generates a return on equity (ROE) of 5.39%, return on capital employed of 2.50%, an operating margin of 55.18%, a net profit margin of 113.40%.
Official website: www.nuveen.com/CEF/Product/Overview.aspx?FundCode=NMI&refsrc=vu_nuveen.com/nmi