Nuveen Minnesota Quality Municipal Income Fund to Issue Monthly Dividend of $0.04 (NYSE:NMS)

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMSGet Free Report) declared a monthly dividend on Thursday, February 1st, Zacks reports. Shareholders of record on Thursday, February 15th will be paid a dividend of 0.041 per share on Friday, March 1st. This represents a $0.49 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date is Wednesday, February 14th.

Nuveen Minnesota Quality Municipal Income Fund has decreased its dividend by an average of 8.8% annually over the last three years.

Nuveen Minnesota Quality Municipal Income Fund Stock Performance

Shares of NYSE:NMS opened at $11.19 on Tuesday. The business has a fifty day moving average price of $11.04 and a two-hundred day moving average price of $10.52. Nuveen Minnesota Quality Municipal Income Fund has a 1 year low of $9.21 and a 1 year high of $12.49.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors bought a new position in shares of Nuveen Minnesota Quality Municipal Income Fund during the 2nd quarter worth $30,000. UBS Group AG grew its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 12.6% during the 3rd quarter. UBS Group AG now owns 25,425 shares of the company’s stock worth $306,000 after acquiring an additional 2,854 shares during the period. Bank of America Corp DE grew its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 731.5% during the 4th quarter. Bank of America Corp DE now owns 31,598 shares of the company’s stock worth $355,000 after acquiring an additional 27,798 shares during the period. Morgan Stanley grew its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 26.2% during the 4th quarter. Morgan Stanley now owns 29,297 shares of the company’s stock worth $330,000 after acquiring an additional 6,076 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of Nuveen Minnesota Quality Municipal Income Fund by 23.6% during the 2nd quarter. Commonwealth Equity Services LLC now owns 23,633 shares of the company’s stock worth $264,000 after acquiring an additional 4,508 shares during the period.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

(Get Free Report)

Nuveen Minnesota Quality Municipal Income Fund is a closed ended fixed income mutual fund launched by Nuveen Investments, Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of the United States. The fund primarily invests in investment grade municipal securities that are exempt from regular federal and Minnesota personal income taxes.

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Dividend History for Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS)

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