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

Nuveen Minnesota Quality Municipal Income Fund (NYSE:NMS) announced a monthly dividend on Monday, March 2nd. Investors of record on Friday, March 13th will be given a dividend of 0.0665 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Friday, March 13th.

Nuveen Minnesota Quality Municipal Income Fund Stock Performance

Shares of NMS stock traded down $0.04 during mid-day trading on Wednesday, reaching $12.10. The company’s stock had a trading volume of 3,428 shares, compared to its average volume of 17,153. The company’s 50 day simple moving average is $11.95 and its 200-day simple moving average is $11.85. Nuveen Minnesota Quality Municipal Income Fund has a 12-month low of $11.07 and a 12-month high of $12.50.

Nuveen Minnesota Quality Municipal Income Fund Company Profile

Nuveen Minnesota Quality Municipal Income Fund (NYSE: NMS) is a closed-end investment company managed by Nuveen, a global asset manager specializing in fixed income and tax-advantaged strategies. The fund’s primary objective is to provide current income exempt from federal and Minnesota state personal income taxes by investing predominantly in municipal securities issued by entities located in or serving the state of Minnesota.

The fund’s portfolio is concentrated in investment-grade general obligation and revenue bonds that finance public projects such as schools, transportation infrastructure, and utilities throughout Minnesota.