Nuveen Minnesota Quality Municipal Income Fund to Issue Monthly Dividend of $0.05 (NYSE:NMS)

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) declared a monthly dividend on Wednesday, May 1st, Zacks reports. Stockholders of record on Wednesday, May 15th will be paid a dividend of 0.05 per share on Monday, June 3rd. This represents a $0.60 annualized dividend and a dividend yield of 5.52%. The ex-dividend date is Tuesday, May 14th.

Nuveen Minnesota Quality Municipal Income Fund has decreased its dividend by an average of 8.8% per year over the last three years and has increased its dividend every year for the last 1 years.

Nuveen Minnesota Quality Municipal Income Fund Stock Performance

Shares of NYSE NMS traded up $0.06 during midday trading on Friday, hitting $10.87. 42,290 shares of the company’s stock were exchanged, compared to its average volume of 13,027. Nuveen Minnesota Quality Municipal Income Fund has a 12 month low of $9.21 and a 12 month high of $11.50. The company’s 50 day moving average price is $11.09 and its 200 day moving average price is $10.81.

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.