NMI

Nuveen Municipal Income Fund declares $0.03 dividend

Nuveen Municipal Income Fund (NYSE:NMI) declares $0.03/share monthly dividend, in line with previous. Forward yield 3.03% Payable Sept. 1; for shareholders of record Aug. 13; ex-div Aug. 12. See NMI

Nuveen Municipal Income Fund decreases dividend by 9%

Nuveen Municipal Income Fund (NMI) declares $0.03/share monthly dividend, -9.1% decrease from prior dividend of $0.03.Forward yield 3.03%Payable Aug. 2; for shareholders of record July 15; ex-div July 14.See NMI

Stocks That Hit 52-Week Highs On Thursday

    This morning 158 companies set new 52-week highs.

Nuveen Municipal Income Fund declares $0.033 dividend

Nuveen Municipal Income Fund (NMI) declares $0.033/share monthly dividend, in line with previous.Forward yield 3.42%Payable June 1; for shareholders of record May 14; ex-div May 13.See NMI Dividend Scorecard, Yield

Weekly Closed-End Fund Roundup: Oct. 11, 2020

Twenty out of 23 CEF sectors positive on price and 18 out of 23 sectors positive on NAV last week. MLPs rally!RIV offering is now live, with a subscription floor of -5% discount.XFLT increases its distribution by +22%, restoring it to pre COVID-19 levels.

Muni Bond Perspectives On The 2020 Election

In years with presidential elections, we take a deeper dive into how the national election could impact state and local governments.Political risk is also an important component of our analysis, as the political party makeup of the executive and legislative branches can have a large impact on municipal bonds.We think it is unlikely we'll see any additional aid ahead of the election, but post-election we think the potential rises, particularly if Democratic nominee Joe Biden wins in the US presidential race.Regardless of the November election outcome, we are prepared to take advantage of any changes to the muni bond market where we see potential investment opportunities.

Muni Bonds Turn Toward The Election

While most polls have Vice-President Biden ahead by 6-7% points, we know the race has the potential to be much closer.A higher marginal rate should also flatten the muni yield curve over time as the demand for longer-dated paper increases because of the benefits it provides on a taxable equivalent yield.More fiscal stimulus, more deficits, and an immediate infrastructure program are all strong possibilities if we get the Blue Wave that sweeps the White House, House, and Senate all into the Democratic column.

Muni Haircuts

Municipal bonds are illiquid and tax-exempt and thus well targeted at very wealthy high-income individuals who face high tax rates.Given the racial disparity in wealth, it would be astounding if the disparity in municipal bond holding were not very large as well.To forestall a bankruptcy, you do not just lend money for current operations - you end up taking on past debts.