Reminder - Nuveen Municipal Income Fund, Inc. (NMI) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 4/11/13, Nuveen Municipal Income Fund, Inc. (NMI) NMI will trade ex-dividend, for its monthly dividend of $0.0475, payable on 5/1/13. As a percentage of NMI's recent stock price of $12.17, this dividend works out to approximately 0.39%.

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Below is a dividend history chart for NMI, showing historical dividends prior to the most recent $0.0475 declared by Nuveen Municipal Income Fund, Inc.:

NMI+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NMI is likely to continue, and whether the current estimated yield of 4.68% on annualized basis is a reasonable expectation of annual yield going forward.

In Tuesday trading, Nuveen Municipal Income Fund, Inc. shares are currently up about 0.1% on the day.

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