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

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

Nuveen Minnesota Quality Municipal Income Fund Price Performance

NYSE NMS traded down $0.03 during trading on Tuesday, hitting $12.07. 8,719 shares of the company’s stock traded hands, compared to its average volume of 16,480. The business has a 50 day moving average of $11.87 and a 200-day moving average of $11.72. Nuveen Minnesota Quality Municipal Income Fund has a 12-month low of $11.07 and a 12-month high of $12.60.

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.