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 Monday, July 1st, NASDAQ reports. Investors of record on Monday, July 15th will be paid a dividend of 0.0735 per share on Thursday, August 1st. This represents a $0.88 annualized dividend and a yield of 7.78%. The ex-dividend date is Monday, July 15th. This is an increase 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

NMS stock traded up $0.06 during midday trading on Tuesday, hitting $11.34. The company’s stock had a trading volume of 28,791 shares, compared to its average volume of 14,153. Nuveen Minnesota Quality Municipal Income Fund has a 52-week low of $9.21 and a 52-week high of $11.47. The firm has a 50-day simple moving average of $11.03 and a 200-day simple moving average of $11.08.

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.