Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Raises Dividend to $0.07 Per Share

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) announced a monthly dividend on Friday, November 1st,NASDAQ Dividends reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.0735 per share on Monday, December 2nd. This represents a $0.88 annualized dividend and a dividend yield of 6.59%. The ex-dividend date of this dividend is Friday, November 15th. This is a positive change from Nuveen Minnesota Quality Municipal Income Fund’s previous monthly dividend of $0.07.

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

Nuveen Minnesota Quality Municipal Income Fund Stock Performance

NYSE NMS remained flat at $13.38 during trading hours on Wednesday. 7,601 shares of the company traded hands, compared to its average volume of 14,144. Nuveen Minnesota Quality Municipal Income Fund has a twelve month low of $10.04 and a twelve month high of $13.76. The company’s 50 day moving average price is $13.08 and its 200-day moving average price is $12.11.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

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.