Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Increases 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. Investors of record on Friday, November 15th will be given a dividend of 0.0735 per share on Monday, December 2nd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 6.59%. The ex-dividend date is Friday, November 15th. This is a boost from Nuveen Minnesota Quality Municipal Income Fund’s previous monthly dividend of $0.07.

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

Nuveen Minnesota Quality Municipal Income Fund Price Performance

Shares of NMS remained flat at $13.38 during mid-day trading on Wednesday. 7,601 shares of the stock were exchanged, compared to its average volume of 14,144. The business has a 50-day simple moving average of $13.08 and a two-hundred day simple moving average of $12.11. Nuveen Minnesota Quality Municipal Income Fund has a 12-month low of $10.04 and a 12-month high of $13.76.

About Nuveen Minnesota Quality Municipal Income Fund

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.