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

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) announced a monthly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Wednesday, January 15th will be paid a dividend of 0.0735 per share on Monday, February 3rd. This represents a $0.88 dividend on an annualized basis and a dividend yield of 7.10%. The ex-dividend date of this dividend is Wednesday, January 15th.

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

Nuveen Minnesota Quality Municipal Income Fund Stock Performance

NMS traded up $0.11 on Friday, reaching $12.42. 19,606 shares of the company’s stock were exchanged, compared to its average volume of 18,353. Nuveen Minnesota Quality Municipal Income Fund has a twelve month low of $10.62 and a twelve month high of $13.76. The stock’s fifty day moving average price is $13.01 and its 200-day moving average price is $12.60.

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.