Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) Announces $0.07 Monthly Dividend

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) announced a monthly dividend on Friday, May 2nd, Wall Street Journal reports. Stockholders of record on Thursday, May 15th will be paid a dividend of 0.0735 per share on Monday, June 2nd. This represents a $0.88 annualized dividend and a dividend yield of 7.47%. The ex-dividend date of this dividend is Thursday, May 15th.

Nuveen Minnesota Quality Municipal Income Fund has raised its dividend payment by an average of 7.3% per year over the last three years.

Nuveen Minnesota Quality Municipal Income Fund Stock Up 0.9%

Shares of NYSE:NMS opened at $11.81 on Tuesday. The firm’s 50-day simple moving average is $11.91 and its 200-day simple moving average is $12.43. Nuveen Minnesota Quality Municipal Income Fund has a fifty-two week low of $10.73 and a fifty-two week high of $13.76.

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.